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US stock markets open lower with focus on Middle East

2019-09-17 02:14 pm | Resource: News | No Views : 16

 US stocks open lower with focus on Middle East

US stock markets opened Tuesday in the red as investors remained focused on the crisis in the Middle East. Uber's Freight company is said to be expanding its system to allow truck drivers to book multiple shipments at once. National Broadcasting Company (NBC) announced that it will launch the broadcasting service, Peacock, in April next year.

US industrial production rises 0.6% in August

The US Federal Reserve said in a report released on Tuesday that US industrial production rose 0.6% in August compared with July and 0.4% compared with August 2018, more than expected and improved from a 0.1% decline the previous month. Factory production improved in the last four months to an average growth of 0.2%. The improvement came after an average decline of 0.5% in the first four months of this year. Industry capacity utilization increased by 0.4 percentage points in August to 77.9%.

Manufacturing rose 0.5% last month, while contracted by 0.4% annually. Mining jumped 1.4% month-on-month and 5.1% year-on-year, with construction rising 0.9% from July and 1% from August last year. Regarding the data, the Federal Reserve released its monthly report on industrial production in the country, while the NAHB Housing Market Index was expected to be released shortly after the market opened.

US housing market index reaches 68 in September

Construction confidence in the United States on newly built single-family homes improved in September, according to the National Association of Home Builders (NAHB) / Wells Fargo Housing Market Index (HMI) released on Tuesday. The HMI stood at 68, up from the revised 67 in August.

 US Stock Trading
  • The Dow Jones Industrial Average fell 0.25%, as 3M lost 1.65%.
  • The Nasdaq 100 was almost unchanged, with Kraft Heinz down 3.86%.
  • The S&P 500 fell 0.09% as New York Mellon Corp lost 2.95%.

The euro was up 0.29% against the dollar at 9:29 ET, trading against $ 1.10336. Meanwhile, the pound was steady at $ 1.24275.


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Best Opportunities, Vision and Technical Analysis for The NASDAQ100 17 April 2019

We offer you the analysis of the NASDAQ 100 index on Wednesday , April 17, 2019 with the most important forecasts for the NASDAQ 100 index in the US market. Time frame Used - four hours The NASDAQ 100 is moving in a bullish direction in the near term. The Nasdaq 100 is still facing resistance and selling pressure around 7670 levels, forming a negative candlestick pattern as the indices…

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