US stocks open lower as momentum fades

Markets 9/13/2017, 3:37 PM
US stocks open lower as momentum fades

Stock markets in the United States traded in the red on Wednesday, cooling off from records seen in the previous session, as investors take a pause and breathe a sigh of relief after damages from Hurricane Irma appeared to be less than initially expected. 

The Dow Jones Industrial Average index slipped 0.1% at the opening bell, with Apple losing 1.11% on disappointment regarding the later-than-expected delivery date of the new iPhone X.

The tech-heavy Nasdaq 100 declined 0.21% when the session started. Western Digital dropped 4.16% at 3:45 pm CET, topping the list of decliners.

The S&P 500 opened 0.15% lower.

The dollar advanced 0.16% against the euro to trade at 1.1951 for one unit of the joint currency at 3:40 pm CET and rose 0.21% versus the British pound, changing hands at 1.32522 for one unit of sterling. The greenback was 0.06% higher compared to the Japanese yen and increased 0.03% relative to the Swiss franc.

TeleTrader Newsroom / IB

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