TELETRADER News
9/25, 3:30 PM (Source: TeleTrader)
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Wall Street opens mostly lower amid impeachment fears

Wall Street started the day with some gains but was mostly lower in early trade on Wednesday, after a drop in stock prices a day earlier, as Democrats in the United States announced the beginning of an impeachment inquiry against US President Donald Trump. Before the bell, the US Treasury Department imposed new sanctions on six Chinese entities and five individuals over alleged links with Iran while Trump focused on his upcoming meetings on the sidelines of the United Nations General Assembly. He is scheduled to meet leaders from Japan, Ukraine and El Salvador later in the day. The US president will also participate in a meeting on the situation in Venezuela.

The Dow Jones Industrial Average opened 0.22% higher at 9:30 am ET led by Boeing which increased 1.33% at 9:31 am ET after it announced it will create a saftey committee within the company's board.

The Nasdaq 100 was 0.25% lower at 9:48 am ET. The index was led lower by Broadcom which declined 3.34% at 9:33 am ET after the firm said it would offer $3 billion in convertible stocks.

The S&P 500 was flat, decreasing 0.01% at 9:48 am ET.

The euro lost 0.32% compared to the dollar to go for 1.09851 at 9:34 am ET.

Breaking the News / VP