Wall Street slips at open on hawkish Fed, weak industrial earnings

By Kitco News / October 18, 2018 / www.kitco.com / Article Link

(Reuters) - U.S. stocks opened lower on Thursday as some industrials reported disappointing results, while the Federal Reserve's minutes showed officials broadly agreed on raising interest rates further, fanning concerns that contributed to last week's sharp selloff.

The Dow Jones Industrial Average fell 61.12 points, or 0.24 percent, at the open to 25,645.56. The S&P 500 opened lower by 7.21 points, or 0.26 percent, at 2,802.00. The Nasdaq Composite dropped 26.23 points, or 0.34 percent, to 7,616.47 at the opening bell.

Reporting by Medha Singh in Bengaluru

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
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