Wall Street Opens Carefully without Major Price Movements
Wall Street Opens Carefully without Major Price Movements. The stock exchanges in New York started on Monday without major price movements on the new trading week.
Increased geopolitical tensions between Western powers and Saudi Arabia, as a result of the disappearance of journalist Jamal Khashoggi, sentiment. The results of the Bank of America offered some counterweight.
The leading Dow-Jones index was close to 25.331 points in the opening minutes. The broad S & P 500 dropped 0.1 percent to 2763 points. Technologiegraadmeter Nasdaq lost 0.3 percent to 7474 points.
US-based journalist Kashoggi disappeared at the beginning of this month after entering the Saudi consulate in Istanbul. President Donald Trump said he would punish Saudi Arabia severely if it turns out that Khashoggi was murdered in the consulate.
Several directors of American companies already announced their participation in an investor conference in Saudi Arabia later this month. Among them, the chairman of JPMorgan Chase Jamie Dimon and Ford-preses Bill Ford. BlackRock boss Larry Fink and his fellow investor Stephen Schwarzman from Blackstone would reconsider their presence.
Bank of America (BofA) posted a record profit in the books last quarter. BofA benefited from earlier tax reductions and improved economic conditions. Increasing interest rates also made the bank’s performance good. The share rose 0.3 percent.