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US stock market opens lower

US stock market opens lower
Wall Street closed with losses on Thursday, while the S&P 500's three-day winning streak came to an end

NEW YORK (AA) – The stock market opened with declines to begin the last trading day of the week on a lower note as the fall in oil prices was carried over to the second day.

The Dow Jones fell 88 points to start the day at 17,896. The S&P 500 was down 12 points to open at 2,103, while the Nasdaq lost 40 points to begin the day at 4,917.

After reaching their highest level of the year on Wednesday, oil prices continued to decline at the stock opening for the second consecutive day with the rise in value of the U.S. dollar and profit-taking in the market gained pace.

At the opening bell, American benchmark West Texas Intermediate traded at $49.62 per barrel with a 1.9 percent decrease, and the international benchmark Brent crude was down to $51.02 a barrel with a 1.8 percent decline.

Wall Street closed with losses on Thursday, while the S&P 500's three-day winning streak came to an end.



source: News Feed
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