AIRLINK 174.99 Decreased By ▼ -2.57 (-1.45%)
BOP 11.18 Increased By ▲ 0.13 (1.18%)
CNERGY 8.43 Increased By ▲ 0.26 (3.18%)
FCCL 48.12 Increased By ▲ 0.80 (1.69%)
FFL 16.43 Increased By ▲ 0.31 (1.92%)
FLYNG 27.11 Decreased By ▼ -0.24 (-0.88%)
HUBC 142.80 Decreased By ▼ -4.11 (-2.8%)
HUMNL 13.65 Increased By ▲ 0.14 (1.04%)
KEL 4.46 Decreased By ▼ -0.04 (-0.89%)
KOSM 5.94 Increased By ▲ 0.03 (0.51%)
MLCF 62.98 Increased By ▲ 0.96 (1.55%)
OGDC 229.50 Decreased By ▼ -5.18 (-2.21%)
PACE 5.80 No Change ▼ 0.00 (0%)
PAEL 45.39 Decreased By ▼ -1.02 (-2.2%)
PIAHCLA 18.01 Decreased By ▼ -0.11 (-0.61%)
PIBTL 10.60 Increased By ▲ 0.03 (0.28%)
POWER 11.92 Decreased By ▼ -0.07 (-0.58%)
PPL 187.48 Decreased By ▼ -4.32 (-2.25%)
PRL 37.45 Increased By ▲ 0.13 (0.35%)
PTC 23.10 Decreased By ▼ -0.10 (-0.43%)
SEARL 100.69 Decreased By ▼ -0.20 (-0.2%)
SSGC 38.94 Decreased By ▼ -0.77 (-1.94%)
SYM 14.89 Decreased By ▼ -0.14 (-0.93%)
TELE 7.85 Increased By ▲ 0.01 (0.13%)
TPLP 11.10 Decreased By ▼ -0.01 (-0.09%)
TRG 66.00 Decreased By ▼ -1.29 (-1.92%)
WAVESAPP 11.17 Decreased By ▼ -0.18 (-1.59%)
WTL 1.36 No Change ▼ 0.00 (0%)
YOUW 3.80 Increased By ▲ 0.03 (0.8%)
BR100 12,882 Increased By 75.4 (0.59%)
BR30 39,179 Decreased By -524 (-1.32%)
KSE100 119,434 Increased By 495.8 (0.42%)
KSE30 36,975 Increased By 218.4 (0.59%)

NEW YORK: Wall Street stocks opened mostly lower Monday as markets digested the latest stimulus moves in China and looked ahead to major US labor data releases.

Shanghai’s stock market closed up more than eight percent after Chinese banks announced steps to lower interest rates on existing mortgages, the latest move to boost China’s economy after a series of actions last week.

Monday will be the final day of the third quarter, with the S&P 500 currently up about five percent for the period.

About 15 minutes into trading, the Dow Jones Industrial Average was down 0.5 percent at 42,084.68.

Wall Street Week Ahead: Jobs data to test US stock market’s soft-landing hopes

The broad-based S&P 500 dipped 0.1 percent to 4,733.45, while the tech-centered Nasdaq Composite Index added 0.2 percent at 18,163.47.

Markets are looking ahead to a speech later Monday by Federal Reserve Chair Jerome Powell at a meeting of the National Association for Business Economics.

This week’s calendar also includes an employment report on Friday.

“The market is looking for the next bullish catalyst to come out,” said Adam Sarhan of 50 Park Investments. “It’s perfectly normal and healthy to see a little profit taking as we enter the end of month and end of quarter.”

Comments

Comments are closed.