Off the wire
• Native Americans facing police brutality amid North Dakota pipeline protests: UN expert  • 1st LD-Writethru: Chinese premier sure of accomplishing major 2016 development goals  • Jordan, Iraq call for increased collaboration to fight terrorism  • Nepali team departs for Lhasa to hold talks on TTA with China  • Yemen warring parties differ on Kerry's ceasefire plan  • (Sports Focus) Hosts China held 0-0 by Qatar but perform well under Lippi  • Kenya rugby has uphill task to gain fitness ahead of World Series kick-off  • Hamas seeks to warm up ties with Egypt  • German economic growth rises slightly in Q3  • Italian economy grows 0.3 pct in Q3: preliminary data  
You are here: 　 Home

U.S. stocks open mixed amid data, rate hike concern

Xinhua, November 15, 2016 Adjust font size:

U.S. stocks opened mixed on Tuesday, as investors mainly focused on newly-released data and remarks from a U.S. Federal Reserve official.

The U.S. Commerce Department announced Tuesday that advance estimates of U.S. retail and food services sales for October increased 0.8 percent from the previous month to 465.9 billion dollars, better than market estimates.

U.S. import prices advanced 0.5 percent in October, after a 0.2 percent increase in September, the Labor Department reported Tuesday. The price index for U.S. exports increased 0.2 percent in October following a 0.3-percent advance the previous month.

Meanwhile, investors still assessed the prospects of economic growth following Donald Trump's presidential election win.

Analysts believed that the increased prospect of tax cuts and a generally pro-growth set of policies from Trump, aided and abetted by the Republican clean sweep of Congress, are bullish for the stock market. U.S. stocks saw solid gains last week.

However, Trump's win puts into question the likelihood of a Federal Reserve rate hike.

Boston Fed President Eric Rosengren said Tuesday the central bank won't be easily swayed from a December rate hike, according to the CNBC.

Shortly after the opening bell, the Dow Jones Industrial Average shed 32.19 points, or 0.17 percent, to 18,836.50. The S&P 500 rose 5.33 points, or 0.25 percent, to 2,169.53. The Nasdaq Composite Index gained 34.52 points, or 0.66 percent, to 5,252.92. Endi