US Stocks Near Flat Amid Ongoing Trade Uncertainty
Sumaira FH Published June 12, 2019 | 07:37 PM
Wall Street stocks were little changed early Wednesday amid uncertainty over ongoing US-China trade developments, while tepid US inflation data boosted speculation of a Federal Reserve interest rate cut
Analysts described the muted open as a continuation of Tuesday's session, when major indices edged lower after surging over the prior week.
About 30 minutes into trading, the Dow Jones Industrial Average was unchanged at 26,048.64.
The broad-based S&P 500 was down less than 0.1 percent at 2,884.47, while the tech-rich Nasdaq Composite Index dipped 0.
2 percent to 7,804.48.
Falling prices for energy and used cars held down US inflation in May, extending the long run of soft price pressures.
The Consumer Price Index -- which tracks costs for household goods and services -- rose a token 0.1 percent last month compared to April, matching analyst forecasts, the Labor Department reported.
Analysts continue to watch for trade developments, with Briefing.com analyst Patrick O'Hare citing news reports discussing "how the US and China aren't making much of an effort these days to arrange new trade discussions."
Recent Stories
Rock-solid Ruud racks up season-leading win in Barcelona
At UN, Iran says it will make Israel 'regret' reprisals
G7 hears calls for 'critical' Ukraine aid
EU seeks to leverage might to confront China, US challenge
5 Customs officials martyred as their vehicle ambushed by terrorists in D I Khan
Pak-New Zealand match called off due to rain
NHA restores traffic on roads affected by recent rains in Balochistan
China to fully support Pakistan's efforts against terrorism: Ambassador Jiang
U.S. envoy calls on Foreign Minister Ishaq Dar
Poland arrests man over suspected plan to kill Zelensky
EU wants to ease youth movement to and from UK
Police foils attempt of supply mainpuri raw material
More Stories From Business
-
Pakistan's total liquid foreign reserves reach $ 13.37 billion
9 hours ago -
Stock markets rise as traders consider US rate outlook
9 hours ago -
Business community alarmed by alleged Cigarette tax violations
10 hours ago -
High FED on cigarettes demonstrates positive impact
10 hours ago -
PTCL posts 14 % revenue growth
9 hours ago -
Prudent policies, reforms poised to result in sustainable economic growth: Governor State Bank of Pa ..
11 hours ago
-
ICCI resolute to turn Islamabad an ecofriendly city: Khalid Malik
10 hours ago -
Beijing's GDP up 6 pct in Q1
12 hours ago -
China's Q1 goods, services trade surplus exceeds 60 bln USD
12 hours ago -
Pakistan Stock Exchange (PSX) loses 43 points
12 hours ago -
KP Govt decides to establish Gem Processing & Export Centre
13 hours ago -
Rupee sheds 04 paisa against dollar
13 hours ago