US Stocks weak during early trading
US Stocks weak during early trading

In the opening hours, the Dow Jones Industrial Average fell 75-point to 21,950, the S & P 500 Index dropped 6-point to 2,462, and the Nasdaq Composite Index lost 20-point to 6,325 points.

The investor sentiment was centered on US President Donald Trump’s sudden disintegration of manufacturing and strategic councils. In addition, the continuation of the backward tracking of crude oil prices has damaged the appetite for investors for risky assets, and the soft look of the stock markets has contributed to it.

Today’s attention will be on the speeches of Dallas Fed President R. Kaplan and Minneapolis Fed President N. Kashkari.

Attention will also be on the news of Trump’s remarks on military advisers for military options, on the North Korean front.

On the economic data front, the first unemployment claims were neutralized by 12K in the week of August 13, declining in the Philly Fed manufacturing index and weaker industrial production data.

NO COMMENTS

LEAVE A REPLY