US opens lower with jobs data, debt ceiling in focus
Major stock equities on Wall Street opened with losses on Wednesday as investors anticipated the release of the jobs report, as well as the potential resolution on the United States debt deal. The lawmakers are expected to vote on the adoption of the bill later today despite Republicans' resistance.
The data on manufacturing activity in China revealed a faster-than-expected fall, adding to the market's negative sentiment, with the Federal Reserve officials hinting at additional monetary tightening in the coming months.
The Dow Jones Industrial Average fell 0.42% or 133 points as 3M Company lost 1.87%. The Nasdaq 100 declined 0.47% with Pinduoduo Inc. tumbling 4.71%. The S&P 500 slumped 0.47% as Advance Auto Parts Inc. sank 30.43%.
The euro was down 0.48% against the dollar, trading at $1.06831 at 9:28 am ET.