Wall Street: Interest rate concerns slow down US stock exchanges at the start of trading
Inflation risks, uncertainties over oil prices and US government finances are affecting Wall Street. Investors are looking ahead to the meeting between Trump and Xi.
US stock indexes started cautiously on Thursday after a loss-filled previous day. The Dow Jones fell 0.3 percent to 51,352 points, while the S&P 500 dropped 0.3 percent to 7,686 points and the Nasdaq declined 0.6 percent to 26,776 points. The high oil price, with Brent crude rising 2.3 percent to $105.4 per barrel, is weighing on the market, driven by tensions in the Middle East and concerns over supply.
Experts say investors are torn between hopes for a resolution to the US-Iran conflict and fears of ongoing supply chain disruptions.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
