Street Wire: Stocks Fall at Open on Weak Housing Data

Stocks opened broadly lower Wednesday, hurt by a weak reading on May housing construction and a tepid forecast from economic bellwether FedEx (FDX). The blue-chip Dow Jones Industrial Average ($INDU) gapped down 39 points to 10,355, while the broader S&P 500 ($INX) fell 5 to 1,110. The tech-heavy Nasdaq Composite ($COMPX) lost 10 points to 2,296 soon after the opening bell.

Increase your money and finance knowledge from home

Forex for Beginners

Learn about trading currencies and foreign exchange transactions

View Course »

Behavioral Finance

Why do investors make the decisions that they do?

View Course »

Add a Comment

*0 / 3000 Character Maximum