The Business Times
business-time-50

Wall St opens lower; defence firms up as Trump calls for budget boost

Summarise
google-preferred-sourceAdd BT as a preferred source
Published Thu, Jan 8, 2026 · 10:45 PM
    • The Dow Jones Industrial Average fell 145.9 points, or 0.30 per cent, at the open to 48,850.17.
    • The Dow Jones Industrial Average fell 145.9 points, or 0.30 per cent, at the open to 48,850.17. PHOTO: REUTERS

    [NEW YORK] Wall Street’s main indexes opened lower on Thursday (Jan 8), as investors turned cautious ahead of Friday’s crucial nonfarm payrolls report, while defence companies advanced after President Donald Trump called for a US$1.5 trillion military budget.

    The Dow Jones Industrial Average fell 145.9 points, or 0.30 per cent, at the open to 48,850.17. The S&P 500 fell 6.8 points, or 0.10 per cent, to 6,914.11​, while the Nasdaq Composite dropped 35.4 points, or 0.15 per cent, to 23,548.884. REUTERS

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Dow JonesNasdaqS&P 500

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    Liang’s net worth more than doubled to US$36 billion, from around US$16.7 billion, according to the Bloomberg Billionaires Index. 

    DeepSeek founder Liang Wenfeng becomes the world’s richest AI model creator

    Targeted for completion in 10 months, the oil terminal will comprise two floating-roof tanks that can store 3.5 million litres of diesel and 2.5 million litres of petrol.

    Singapore fuel distributor Global Group doubles down on Timor-Leste with US$10 million oil terminal

    Philippine’s Maharlika support for Petron through a credit facility shows the sovereign fund’s role in the nation’s energy security.

    Early payout from Philippines’ Maharlika Investment Fund raises eyebrows over its true nature

    More interest in prime condos comes amid a softening in the broader private residential market.

    Flight to safety: New citizens and PRs drive Singapore luxury home sales as broader market cools

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More