Wall St opens higher but weekly losses loom
[NEW YORK] Wall Street’s main indexes opened higher on Friday (Aug 21) after getting hammered in the previous session, though markets remained...
On Friday, Aug 21, Wall Street's primary indexes kicked off the day higher following a sharp decline in the previous session. However, despite the early gains, analysts anticipate that the markets will conclude the week on a losing note due to escalating government bond yields and geopolitical concerns dampening risk appetite.
The Dow Jones Industrial Average kicked off the trading day at 52,768.87, marking a modest increase of 9.7 points, or 0.02 percent. Similarly, the S&P 500 began trading at 7,665.68, up by 24.5 points, or 0.32 percent. The Nasdaq Composite opened at 26,198.835, gaining 131.7 points, or 0.51 percent, from the preceding day's close.
The Reuters Decoding Asia newsletter serves as a guide for those navigating Asia's complex economic landscape amid a new global order. Readers are encouraged to share their feedback on BT's products and services, ensuring that the newsletter remains a valuable resource for its subscribers.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
