Share

US stocks open lower despite solid industrial, jobs data

New York - US stocks headed modestly lower in opening trade on Thursday despite buoyant industrial production and jobless claims data that pointed to continued strength in the economy.

Traders remained cautious ahead of US Federal Reserve Chair Janet Yellen's speech at a central banking summit Friday in Jackson Hole, Wyoming.

Yellen is expected to address the concerns about the alleged lack of direction and clarity in Fed policy, amid criticism from some quarters that the Fed could do more to help the economy.

Markets, meanwhile, will be focused on what she says about the path of interest rates.

Ten minutes into trade, the Dow Jones Industrial Average was down 0.1% at 18 461.97.

The broad-based S&P 500 slipped 0.1% to 2 172.61, while the tech-rich Nasdaq Composite Index gave up 0.1% at 5 211.17.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.97
-0.1%
Rand - Pound
24.08
+0.1%
Rand - Euro
20.61
-0.1%
Rand - Aus dollar
12.37
+0.4%
Rand - Yen
0.13
+0.5%
Platinum
906.50
-1.8%
Palladium
1,010.52
+0.4%
Gold
2,157.07
-0.2%
Silver
24.99
-0.2%
Brent Crude
86.89
+1.8%
Top 40
66,032
-0.3%
All Share
72,214
-0.3%
Resource 10
53,305
-0.0%
Industrial 25
99,838
-0.6%
Financial 15
16,604
-0.1%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders