Off the wire
Zambia consoles Egypt over church bombings  • Roundup: Police confirm treason charges against Zambia's opposition leader  • Iran's futsal beats South Africa in INAS World Championships  • Results of Chinese National Swimming Championships  • 2nd LD Writethru: 5 killed in Afghan capital suicide bombing: official  • Chinese Xu Jiayu breaks men's 100m backstroke Asian record (updated)  • Saudi investors scout for investment opportunities in Kenya  • OPEC forecasts higher U.S. tight oil output in 2017  • China pledges efforts to develop medical institution partnerships  • 1st LD Writethru: Dortmund explosions might have terrorist background: German authority  
You are here:   Home

U.S. stocks open lower amid geopolitical worries

Xinhua, April 12, 2017 Adjust font size:

U.S. stocks opened lower Wednesday as investors became cautious amid geopolitical concerns.

The White House has accused Russia of trying to cover up the suspected chemical weapon attack in Syria, though U.S. President Donald Trump has said the United States will not launch a ground war in the Mideast country, according to Market Watch.

In addition, the Trump administration is also navigating rising tensions with the Democratic People's Republic of Korea (DPRK).

On the economic front, U.S. import prices declined 0.2 percent in March, in line with market consensus, the Labor Department reported Wednesday. In contrast, the price index for U.S. exports increased 0.2 percent in March, after advancing 0.3 percent in February.

Meanwhile, investors also kept a close eye on the earnings season, as JPMorgan Chase, Citigroup and Wells Fargo are set to report later this week.

Shortly after the opening bell, the Dow Jones Industrial Average fell 34.03 points, or 0.16 percent, to 20,617.27. The S&P 500 lost 5.02 points, or 0.21 percent, to 2,348.76. The Nasdaq Composite Index decreased 7.46 points, or 0.13 percent, to 5,859.31.

On Tuesday, U.S. stocks ended mildly lower as investors meditated on the comments from Federal Reserve Chair Janet Yellen.

During an event at the University of Michigan on Monday, Yellen said the U.S. economy was "pretty healthy," thanks in part to the Fed's long-running stimulus campaign, which the central bank is moving to end. Endi