LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Business News » World News

Wall Street set to open lower after record highs

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
Updated: Wed, Oct 04, 2017
06:38 pm
Reuters
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED
Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED    Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED
Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY! Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY!

Wall Street looked set to open lower on Wednesday as investors likely booked profit following two straight days of record highs for the three major indexes and ahead of a raft of economic data this week.

Global stock markets hit a record high with investors in exuberant mood in the United States overnight and in Asia, but sentiment in Europe was soured by a political crisis gathering steam in Spain.

"The (U.S.) market has been on a slow drift upward, in anticipation of the earnings season coming and the hopes about tax reform," said Rick Meckler, president of investment firm LibertyView Capital Management in Jersey City.

"I think you`re just seeing some small profit taking in the absence of new news."

The dollar was off seven-week highs on speculation that U.S. President Donald Trump`s choice for the next head of the Federal Reserve could be a less hawkish candidate than had previously been expected.

U.S. Federal Reserve Chair Janet Yellen is scheduled to address the Community Banking in the 21st Century Research and Policy Conference hosted by the Federal Reserve Bank of St. Louis.

The rest of the week is loaded with heavy economic data, culminating in Friday`s nonfarm payrolls report for September.

The ADP National Employment Report indicated that private jobs increased by 135,000 in September, the smallest increase since October 2016 as Hurricane Harvey and Irma "significantly impacted smaller retailers."

At 8:31 a.m. ET, Dow e-minis were down 25 points, or 0.11 percent, with 14,866 contracts changing hands. S&P 500 e-minis were down 3.25 points, or 0.13 percent, with 100,972 contracts traded. Nasdaq 100 e-minis were down 13 points, or 0.22 percent, on volume of 16,738 contracts.

Among other data scheduled include the Institute for Supply Management`s reading on national nonmanufacturing. The reading, expected at 10:00 a.m ET (1400GMT), is seen to be little changed at 55.5 for September.

Shares of Mylan NV jumped nearly 16.7 percent premarket, while Teva Pharmaceutical Industries fell 14 percent after the U.S. FDA approved Mylan`s copycat version of Teva`s blockbuster multiple sclerosis drug.

PepsiCo shares were down 2 percent after the company cut organic revenue forecast for the year.

Amazon shares were lower after the European Union ordered the world`s largest online retailer to pay back about 250 million euros ($294 million) in taxes to Luxembourg.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED
Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED    Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED
Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY! Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY!

LATEST NEWS

Market Guru Anil Singhvi analyses current bull trend, reveals Nifty, Bank Nifty levels for traders

Anil Singhvi’s Strategy January 18: 14,150-14,200 & 31,725-31,800 is most strong support levels for Nifty & Bank Nifty

Maharashtra Gram Panchayat Election Result 2021 Live Updates: Counting is on - Check latest news, BJP, NCP, Congress, Shiv Sena seats here

Rakesh Jhunjhunwala Portfolio: Big Bull books over 32 pct partial profit in this stock; earns around Rs 40.5 cr

CBSE exam 2021 Class 10, Class 12 Date sheet, admit card and other updates students must know

Post Office Scheme: You can deposit money online in your Public Provident Fund (PPF) account — here is how

Stocks in Focus on January 18: HDFC Bank, L&T Finance Holdings, Piramal Enterprises, Metropolis Healthcare to IRFC IPO; here are the 5 Newsmakers of the Day

IRFC IPO Review: Anil Singhvi says IRFC shares will yield better returns than FDs - Details inside

Piramal to takeover DHFL loans? Yes Bank, Canara Bank, Union Bank of India may benefit | Jefferies Highlights

HCL Technologies share price: Sharekhan maintains Buy rating with a revised price target of Rs 1250

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved