US Market Opens Lower After Oil Price Drop

May 25, 2018 Share Print 0

U.S. stocks opened slightly lower on Friday following a steep drop in oil prices and disappointing corporate results that soured sentiment at the end of a week dominated by concerns over North Korea and trade tensions with China.

The Dow Jones Industrial Average .DJI fell 30.47 points, or 0.12 percent, at the open to 24,781.29. The S&P 500 .SPX opened lower by 4.16 points, or 0.15 percent, at 2,723.60. The Nasdaq Composite .IXIC dropped 2.23 points, or 0.03 percent, to 7,422.20.

via Reuters

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.