U.S. stocks open slightly lower

0 Comment(s)Print E-mail Xinhua, November 9, 2019
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NEW YORK, Nov. 8 (Xinhua) -- U.S. stocks opened slightly lower on Friday, as Wall Street still waits the new development of U.S.-China trade talks.

Shortly after the opening bell, the Dow Jones Industrial Average dipped 24.93 points, or 0.09 percent, to 27,649.87. The S&P 500 dropped 4.25 points, or 0.14 percent, to 3,080.93. The Nasdaq Composite Index decreased 10.64 points, or 0.13 percent, to 8,423.87.

More than half of the 30 blue-chip stocks in the Dow traded lower around market opening, with shares of Exxon Mobil down over 0.9 percent, leading the losers.

Seven of the 11 primary S&P 500 sectors traded higher around market opening, with the energy sector up nearly 1.6 percent, leading the winners.

Shares of Walt Disney rose nearly 4.9 percent, after the entertainment giant reported third-quarter earnings that surpassed market estimates.

Its studio entertainment revenue surged 52 percent as prompted by robust movie box office performance.

The currently solid corporate earnings season has also underpinned Wall Street. So far, of the 425 S&P 500 companies that have reported quarterly earnings, 74 percent have topped analysts' forecast, CNBC quoted FactSet as saying.

U.S. stocks closed higher on Thursday, as Wall Street remained optimistic for a potential approach to ease lingering U.S.-China trade tensions and the market was supported by the latest jobs data. Enditem

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