World markets today: US stocks fall ahead of economic data
US stocks opened lower on Tuesday ahead of a slew of economic data.
At the opening bell, the Dow Jones Industrial Average fell 82.85 points, or 0.21%, to 38,906.98. The S&P 500 opened lower by 20.43 points, or 0.40%, at 5,110.52, while the Nasdaq Composite dropped 129.77 points, or 0.80%, to 16,077.74.
Data on US non-farm payrolls and unemployment rate for February will be released on March 8.
Federal Reserve chair Jerome Powell is due to testify before the US lawmakers on Wednesday and Thursday.
In Europe, Britain’s FTSE 100 edged up 0.1 per cent at 7,646.34 points. France’s CAC 40 was flat at 7,959.76. Germany’s DAX fell 0.1 per cent at 17,703.36.
Euro Stoxx 50 declined 0.2 per cent at 4,905.51.
Asian stock markets faltered on Tuesday after China set a economic growth target of 5 per cent for 2024, in line with last year.
Hong Kong’s Hang Seng Index plunged 2.6 per cent at 16,162.64. China’s Shanghai Composite rose 0.3 per cent at 3,047.79.
Japan’s Nikkei 225 was flat at 40,097.63.
Oil prices were steady on Tuesday after falling in the previous session. Brent crude was up 8 cents, or 0.1 per cent, to $82.88 a barrel by 1040 GMT, while US West Texas Intermediate (WTI) was down 6 cents to $78.68.
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Published: 05 Mar 2024, 08:17 PM IST
