MARKET OPEN: Chinese economic data may keep trading tentative

Fri, 17 Apr 2020

A small rise on Wall Street may set the tone for tentative domestic trading while China’s economic data will be the key focus today. The Dow Jones Industrial Average was up 0.1 percent at 8am in Wellington, while the S&P 500 was up 0.6 percent. The Nasdaq rose 1.7 percent, benefiting from gains in Amazon.com and Netflix Inc as lockdowns stoke demand for their online services. Overall, weak US data weighed on investor sentiment as a record 22 million Americans filed for unemployment benefits over the past month, with 5.2 million filing in...

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