Thursday’s flat opening for US market indices after a mixed set of economic data.
At the opening, the Dow Jones Industrial Average dropped 26.33 points, or 0.07%, to 38,397.94. At the opening bell, the Nasdaq Composite gained 6.15 points, or 0.04%, to 15,865.30, while the S&P 500 opened up by 2.52 points, or 0.05%, at 5,003.14.
Late on Wednesday, the yield on the 10-year Treasury dropped from 4.27% to 4.19%. According to a survey, US retail sales declined more than anticipated in January compared to December.
TripAdvisor’s stock increased 8.1% on the company’s release of improved December quarter earnings.
Following the company’s reduction of its full fiscal year earnings projection, Cisco Systems’ stock fell 2.7%. Thursday saw a small decline in oil prices as the International Energy Agency (IEA) noted that this year’s demand growth is slowing down.
By 1324 GMT, Brent crude futures had dropped 17 cents, or 0.2%, to $81.43 per barrel.
International gold markets saw a decline in price on Thursday.Comex spot gold was down $2 from the previous close, trading at $1,993 per ounce. After settling at $21.97 per ounce in the previous trade, silver was now trading higher at $22.50 per ounce.
