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11/9, 3:31 PM (Source: TeleTrader.com)
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Wall Street opens lower, Fed rate decision in focus

Markets in the United States opened lower on Friday following an announcement that United States-Mexico-Canada Agreement (USMCA) would be signed during the upcoming G-20 summit. Previously, Federal Reserve decided to keep key interest rate unchanged in a range of 2% to 2.25%, suggesting it would resume the policy of monetary tightening in the future. Meanwhile, on the political front, US President Donald Trump stated that there is a possibility of a meeting with Special Counsel Robert Mueller.

The Dow Jones opened 0.35% lower. Exxon Mobil and Catepillar were the biggest losers, dropping 1.92% and 2.02%, respectively. The Nasdaq 100 was down 0.94% at the start of the session, as the video gaming company Activision Blizzard lost 14.17% on reports of active users decline. The S&P 500 fell 0.51% moments after the opening bell, led lower by tech and energy stocks.

The euro lost 0.07% against the greenback, to go for 1.1353 at 3:33 pm CET.

Breaking the News / BM