1/14, 3:30 PM (Source: TeleTrader)
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Wall Street opens mostly flat after mixed data

Stocks on Wall Street started trading mostly flat on Tuesday after the mixed data was reported. US Bureau of Labor Statistics said the Consumer Price Index (CPI) for all items in the United States rose 2.3% on an annual basis in December. On the other hand, the National Federation of Independent Business (NFIB) reported that its index measuring optimism among small enterprises decreased in December, but remained on historical highs. The NFIB Small Business Optimism Index was down at 102.7. The figure compares to 104.7 recorded in the month before.

Meanwhile, the Treasury Department removed China from its list of designated currency manipulators, saying Beijing has made "enforceable commitments to refrain from competitive devaluation." Yesterday, the delegation from Beijing landed in Washington and it seems all has been set for the signing of phase one trade deal with China tomorrow.

The Dow Jones Industrial Average was flat with UnitedHealth Group Inc. falling 0.38%. The Nasdaq 100 fell 0.15% as Align Technology decreased by 3.68%. The S&P 500 fell 0.15% as well with Cimarex Energy Co slipping 1.18%.

The euro slipped 0.22% against the greenback at 9:34 am ET to go for 1.11130.

Breaking the News / TF