3/1/2023, 3:30 PM (Source: TeleTrader)
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US opens lower ahead of manufacturing reports

Major United States stock indexes opened the Wednesday session with losses as investors anticipated the latest figures on manufacturing, alongside the report on construction spending. Meanwhile, mortgage approvals in the country fell 5.7% in the week ending February 24.

The general mood among traders seems to have been dampened in the past few weeks by unexpectedly strong economic data, as fears over interest rate hikes persisted.

The Dow Jones decreased 0.25% at the opening bell, with The Home Depot losing 1.05% at 9:32 am ET. The Nasdaq 100 edged down 0.08% at the open, as Rivian dropped 9.48% at 9:31 am ET. The S&P 500 fell 0.23% at 9:30 am ET, with Monster Beverage down 2.68% a minute later. The euro jumped 0.92% against the dollar at 9:29 am ET, selling for 1.06741.

Baha Breaking News (BBN) / AY