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Stocks open lower after round of weaker-than-expected bank earnings


Thursday, 17 January 2019 21:41 WIB

Standard & Poor's 500Indeks NasdaqSaham AS


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U.S. stocks fell at the opening bell on Thursday, keeping equity indexes on track to break their two-day rally as investors digested another round of bank earnings.

The S&P 500 was down 0.3% to 2,608. The Dow Jones Industrial Average shed 47 points, or 0.2%, to 24,159. The Nasdaq Composite slipped 0.4% to 7,011. Investor sentiment was weighed down by resurfacing tensions in U.S.-China relations.

And after mixed earnings in the past few days, banks such as Société Générale reported of a sharp drop in trading revenues. Shares of Morgan Stanley fell 4% after it reported the bank's earnings and revenues had fallen short of expectations thanks to weakness in its bond trading division.

Marketwatch


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