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Wall Street dips at open as year-end rally tapers off

The Dow Jones Industrial Average fell 47.50 points, or 0.17%, at the open to 28,414.64, shrugging off a tweet by President Donald Trump that a Phase 1 US-China deal will be signed at the White House on January 15.

December 31, 2019 / 08:48 PM IST

US stocks fell at the open on December 31, as a Wall Street rally fizzled out in the final days of the decade after growing trade optimism and a brightening global outlook put the S&P 500 on track for its best year since 2013.

The Dow Jones Industrial Average fell 47.50 points, or 0.17%, at the open to 28,414.64, shrugging off a tweet by President Donald Trump that a Phase 1 US-China deal will be signed at the White House on January 15.

The S&P 500 opened lower by 6.11 points, or 0.19%, at 3,215.18. The Nasdaq Composite dropped 27.26 points, or 0.30%, to 8,918.74 at the opening bell.

 
Reuters

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