US Stock Markets Today: S&P 500, Nasdaq Open Flat After Day Of Selloff
The S&P 500 was fractionally up 0.02% at 5,816.58 the opening bell, whereas the tech-heavy Nasdaq Composite opened 0.1% higher at 18,333.29.
The main Wall Street indices opened almost flat on Wednesday, a day after the US stock market settled lower as selloff intensified.
The S&P 500 rose fractionally by 0.02% to 5,816.58 at the opening bell, whereas the tech-heavy Nasdaq Composite opened 0.1% higher at 18,333.29.
The Dow Jones Industrial Average, however, slipped 0.1% to 42,706.49 at the opening bell.
Seven out of the 11 S&P 500 sectoral indices were edging higher, with financials, real estate and industrials leading the gains. The four indices in the red were consumer staples, communication, consumer discretionary and information technology.
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The Bloomberg Dollar Index was little changed at 103.248. The British Pound was also flat at 1.302 against the greenback. The Euro slipped 0.04% to 1.088.
Bitcoin, which has gained momentum in the run-up to the US presidential elections, edged higher as the US markets opened. It was trading 0.5% higher at $67,411.
In the commodities market, gold continued to build momentum as expectations have grown for another rate cut in the Nov. 7 meeting of the US Federal Reserve. Spot gold was trading 0.53% higher at 2,676.9 an ounce at 10:05 a.m. (GMT-4).
Crude oil prices, whose recent plunge has adversely hit energy stocks, edged lower. Futures of Brent, the global crude benchmark, was trading 0.34% lower at $74.1 per barrel at 10:08 a.m. (GMT-4). The U.S. West Texas Intermediate crude was down 0.27% at 70.39 a barrel.
Before the US markets opened, its Asian peers faced a decline. Japan's Nikkei 225 shed 1.8%, Hong Kong's Hang Seng lost 0.16%, and India's NSE Nifty 50 settled 0.34% lower.
