Make Kitco Your Homepage

Wall St. opens flat as hopes of a rate cut counter trade worries

Kitco News

(Reuters) - U.S. stocks opened flat on Wednesday as Washington’s tough stance heightened worries of a prolonged U.S.-China trade war, with losses offset by tame inflation data that supported the case for an interest rate cut.

At 9:31 a.m. ET, the Dow Jones Industrial Average was down 4.04 points, or 0.02%, at 26,044.47 and the S&P 500 was down 0.91 points, or 0.03%, at 2,884.81. The Nasdaq Composite was down 16.34 points, or 0.21%, at 7,806.23.

Reporting by Amy Caren Daniel in Bengaluru; Editing by Sriraj Kalluvila

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.