Wall Street opens close to home

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The stock exchanges in New York are open Wednesday with small results. Investors keep their powder dry while awaiting new developments in the trade talks between China and the United States. Lower OECD global outlooks further pushed the sentiment, as did a disappointing job report from payslip processor ADP.

The leading Dow-Jones index was 0.1 percent higher after 25 minutes at 25.835 points. The broad S & P 500 went down 0.1 percent to 2788 points and the Nasdaq tech fair delivered 0.1 percent at 7570 points.

At the companies ExxonMobil gave a strategy update. The oil and gas giant will invest this and next year to 65 billion dollars in exploration, production and the expansion of pipelines and refineries. The share fell 2.5 percent.

Insurance broker and consultancy Aon went up 4.6 percent. The company is abandoning a multi-billion dollar merger with industry counterpart Willis Towers Watson (minus 5.5 percent). Tuesday Aon still indicated to be open to a merger.

Fashion corp Abercrombie & Fitch (plus 18 percent) and budget shopping chain Dollar Tree (plus 1.2 percent) opened the books.


By: Nicholas de Kramer

Nicholas de Krammer, а self-taught economic analytic with heave mathematical background. Math behind the economics (and economics behind math) is the strong side of the author. Contact him at nicholas.de[email protected]

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