Off the wire
• 8 killed in minibus-truck collision in Ukraine  • Pakistan to compensate victims of Lahore blast  • Iran hails retake of Palmyra by Syrian army  • 2 Palestinians accused of planning attack on Israeli forces  • Rare monkey raised 14 years before returned to forest  • Decoding of FlyDubai plane black boxes under way: investigators  • 10 Indonesian crewmen kidnapped by Abu Sayyaf in S. Philippines  • Military cooperation plays key role in boosting Vietnam-China ties, Vietnamese party chief  • Iraqi parliament gives deadline for PM to present new cabinet  • Ethnic minority officials begin central unit program  
You are here: 　 Home

U.S. stocks open mixed amid economic data

Xinhua, March 28, 2016 Adjust font size:

U.S. stocks opened mixed on Monday, after the long Easter weekend, as investors digested newly released data and awaited remarks from U.S. Federal Reserve Chair Janet Yellen.

"As slow as last week was, chances are that this week will offer opportunity. The macro will be heavy, beginning with the PCE print today, running through Europe, and China, and then culminating in another U.S. Jobs Friday," said Stephen Guilfoyle, managing director at Deep Value.

Personal income increased 23.7 billion U.S. dollars, or 0.2 percent, and disposable personal income rose 23.7 billion dollars, or 0.2 percent, in February, the U.S. Commerce Department announced Monday.

Personal consumption expenditures (PCE) increased 11 billion dollars, or 0.1 percent, in February.

While U.S. markets were closed for Good Friday, U.S. economic growth in the fourth quarter of 2015 was revised up.

The third GDP estimate showed an annual growth rate of 1.4 percent during the October-December period of 2015, higher than the previously reported 1 percent, according to the Commerce Department.

Yellen will speak on economic and monetary policy on Tuesday and traders will focus on her speech for more clues on how many rate hikes the Fed is looking at and when.

Shortly after the opening bell, the Dow Jones Industrial Average rose 10.89 points, or 0.06 percent, to 17,526.62. The S&P 500 gained 1.43 points, or 0.07 percent, to 2,037.37. The Nasdaq Composite Index edged down 1.60 points, or 0.03 percent, to 4,771.91. Endi