TELETRADER News
2/28/2019, 3:30 PM (Source: TeleTrader)
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Wall Street opens in the red following data

Equities on Wall Street started the Thursday's trading session in the red after the United States Department of Commerce reported the gross domestic product weakened in the fourth quarter. Initial jobless claims increased by 8,000 for the week ending February 28, the Department of Labor stated. Federal Reserve Vice Chairman Richard Clarida warned that the US economy faced an economic growth slowdown, although it is still expected to perform solidly.

In business news, JD.com Inc. released earnings for the Q4 of 2018, showing a 22.4% increase in revenue. Dell Technologies was set to release its annual revenue report later during the day.

The Dow Jones Industrial Average was down 0.07% at the opening bell, with United Health Group Inc losing 4.91% minutes into the day. Booking Holdings Inc surrendering 8.55% after yesterday's earnings release, dragging down the Nasdaq 100, which dropped 0.35%, and the S&P 500, which lost 0.17%.

The euro was up 0.20% to $1.13944 at 9:29 am ET, while the British pound fell 0.16% to $1.32854 a minute after. The precious metals were mostly higher as the stocks fell, with palladium increasing 1.35%, to change hands for $1,552.16 at 9:29 am ET. Gold was unchanged at $1,320.07, while platinum jumped 0.69% to $871.51 concurrently.

Baha Breaking News (BBN) / MD