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Investors Await Economic Data as US Stocks Remain Muted in World Markets Today


Feb 12, 2024

US stock indices opened muted on Monday as investors are awaiting economic data including inflation. The Dow Jones Industrial Average fell 14.93 points, or 0.04 per cent, at the open to 38,656.76. The S&P 500 opened higher by 0.22 points at 5,026.83, while the Nasdaq Composite dropped 10.05 points, or 0.06 per cent, to 15,980.62 at the opening bell. On Friday (February 9) , the Dow Jones Industrial Average fell 54.64 points, or 0.14 per cent, to 38,671.69, the S&P 500 gained 28.70 points, or 0.57 per cent, to 5,026.61 and the Nasdaq Composite gained 196.95 points, or 1.25 per cent, to 15,990.66.

On Monday, European shares mostly rose. Britain’s FTSE 100 edged down 0.2 per cent at 7,561.40 points. France’s CAC 40 added 0.3 per cent at 7,673.22. Germany’s DAX rose 0.4 per cent at 16,985.44. In Asia, key stock markets were closed for the Lunar New Year break. Oil prices slipped on Monday. Brent crude futures were down 54 cents, or about 0.7 per cent, at $81.65 a barrel, while US West Texas Intermediate crude futures fell 32 cents, also about 0.4 per cent, to $76.52 a barrel at 1426 GMT. Gold prices declined on Monday as the US dollar rose. Spot gold was down 0.5 per cent to $2,014.70 per ounce at 9:28 a.m. ET (1428 GMT). US gold futures lost 0.5 per cent to $2,028.60 per ounce.

By Editor

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