U.S. Stock Market Faces Muted Open as Wall Street Struggles For a Fresh Spark

Wednesday, 6 March 2019 21:41 WIB

S & P 500Saham AS


U.S. stocks on Wednesday fought for direction at the open, with a lack of new developments on U.S.-China trade and a dearth of other catalysts, capping moves for equities.

The Dow Jones Industrial Average was flat at 25,819, rising less than 0.1%, the S&P 500 index was little changed at 2,788, while the Nasdaq Composite Index was flat at 7,573.

A report by Bloomberg on Wednesday said President Donald Trump is pressuring U.S. trade negotiators to cut a deal with China soon in the hopes of fueling a market rally.

In economic reports, payroll-service firm ADP estimated that the private sector added 183,000 jobs in February, below consensus estimates of 187,500 new jobs, according to FactSet.

Meanwhile, the U.S. trade deficit soared to a 10-year high in 2018 of $621 billion, the Commerce Department reported Wednesday.

In corporate news, shares of General Electric Co. were in focus after CEO Larry Culp said late-Tuesday that he expected cash flow for the industrial conglomerate to be negative in 2019.

Source : Market Watch


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