Tuesday, 22 May 2018
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Dow opens 160 points lower, as stock market threatens to halt 2-day climb
Tuesday, 13 February 2018 21:55 WIB | MARKET UPDATE |DOW JONESUS StocksSahamAS

U.S. stock benchmarks point to a modestly lower open on Tuesday.

The Dow Jones Industrial Average was 170 points, or 0.7%, lower at 24,448, while the S&P 500 index slipped 15 points, or 0.5%, to 2,642. The Nasdaq Composite Index gave up 31 points, or 0.4%, at 6,952.

The main benchmarks are threatening to halt two consecutive days of advances as stocks struggle to recover from its worst week in about two years. Investors have also been weighing a Federal budget that U.S. President Donald Trump has proposed as well as an infrastructure proposal. Looking ahead, Wall Street investors are awaiting key readings of inflation on Wednesday and Thursday. In corporate news, shares of AmerisourceBergen Corp. rose sharply after reports that Walgreens Boots Alliance Inc. has made an offer to buyout the drug distributor.

Source : Market Watch

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