Wall Street opens lower on Italian concerns

October 2, 2018 Share Print 0

U.S. stocks slipped at the open on Tuesday, with bank stocks the biggest drags, pressured by turmoil in European markets following an Italian lawmaker’s anti-euro comments and as relief from a reworked NAFTA deal faded.

The Dow Jones Industrial Average .DJI fell 2.30 points, or 0.01 percent, at the open to 26,648.91. The S&P 500 .SPX opened lower by 0.79 points, or 0.03 percent, at 2,923.80. The Nasdaq Composite .IXIC dropped 12.83 points, or 0.16 percent, to 8,024.48 at the opening bell.

Reuters

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Dean Popplewell

Vice-President of Market Analysis at MarketPulse

Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.