US: Wall St opens lower as Apple slips, hopes of sharp rate cut fade
[NEW YORK] US stocks fell at the open on Monday as Apple Inc shares dropped and investors scaled back bets of an aggressive interest rate cut by the Federal Reserve later this month following a solid June jobs report.
The Dow Jones Industrial Average fell 86.48 points, or 0.32 per cent, at the open to 26,835.64.
The S&P 500 opened lower by 10.64 points, or 0.36 per cent, at 2,979.77. The Nasdaq Composite dropped 48.88 points, or 0.60 per cent, to 8,112.91 at the opening bell.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
Vietnam delays launch of new stock trading system
Hong Kong bourse regains favour on hopes of a market revival
Asia: Markets rise as strong US tech earnings offset poor data
Singapore shares open lower on Friday; STI down 0.1%
Stocks to watch: CLI, Great Eastern, MIT, Sheng Siong, iFast, OUE, Far East Orchard