1/5, 3:33 PM (Source: TeleTrader)
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US stock markets fall at open on economic uncertainty

Major US stock markets opened in the red territory Thursday as investors faced rising economic uncertainty in the economic and financial sectors.

At 9:30 am ET, the euro was down by 0.44% against the dollar selling for $1.0553, a trend similar to that of precious metals, as gold and silver dropped by 1.05% and 1.90% before the opening bell.

According to the FOMC minutes, it seems that the Federal Reserve intends to continue with rate hikes for "some time" during 2023, as inflation continues to be "unacceptably high." Meanwhile, today's payroll and unemployment data added some pressure to the premarket session. On the corporate side, in the last few hours, Amazon and Salesforce have been the latest tech giants announcing significant job cuts.

The Dow Jones lost 0.56% at 9:31 am ET or 187 points, with Walgreens Boots sinking by 5.09%. The Nasdaq 100 fell by 0.80%, and Crowdstrike Holdings decreased by 8.01%. A minute later, the S&P 500 declined 0.77%.

Baha Breaking News (BBN) / JG