Boeing props up Dow at open, but chipmakers pose headwind



(Reuters) – Dow opened flat on Wednesday after Boeing’s profit forecast eased worries of slowing corporate profits, but dim outlook from other China-reliant companies, including chipmakers, kept the pressure on the S&P and Nasdaq.

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 23, 2018. REUTERS/Brendan McDermid

The Dow Jones Industrial Average .DJI fell 18.55 points, or 0.07 percent, at the open to 25,172.88.

The S&P 500 .SPX opened lower by 2.82 points, or 0.10 percent, at 2,737.87. The Nasdaq Composite .IXIC dropped 14.33 points, or 0.19 percent, to 7,423.21 at the opening bell.

Reporting by Amy Caren Daniel in Bengaluru; Editing by Arun Koyyur


Source link


Articles You May Like

Bangladesh, against objections, set to move Rohingya refugees to remote island
Commentary: It should not be this hard to hire a foreign domestic worker
North Korea toughens rules of entry to sea to fight COVID-19: State media
Teenagers on REACH panel signals inclusivity: Chairman Tan Kiat How
13 hotels in Johor cease operations due to COVID-19 pandemic

Leave a Reply

Your email address will not be published. Required fields are marked *