U.S.
stocks opened slightly lower on Wednesday amid lingering geopolitical
risks and as investors braced for the first rush of corporate earnings,
starting Thursday.
The United States launched missiles at a Syrian airfield last week to retaliate a deadly chemical attack on civilians. The strikes pushed President Donald Trump, who came to power in January calling for warmer ties with Syria's ally Russia, and his administration into confrontation with Moscow.
Meanwhile, Chinese President Xi Jinping called on the U.S. for a peaceful resolution with North Korea, which has warned it would launch a nuclear attack if provoked by the United States, as a U.S. Navy strike group headed toward the western Pacific.
The S&P 500 fell below its 50-day moving average and the CBOE Volatility index .VIX shot up to its highest level since November.
Prices of gold XAU=, a favored safe-haven asset, were flat but remained close to the highest level hit in November. The dollar index .DXY was also little changed, while oil prices edged up slightly.
Investors are keeping a close track of the quarterly earnings to support lofty valuations on Wall Street, following a rally fueled by bets on Trump's pro-growth agenda. The big banks unofficially kick-off the season on Thursday, with results due from JPMorgan (JPM.N), Citigroup (C.N) and Wells Fargo (WFC.N).
The United States launched missiles at a Syrian airfield last week to retaliate a deadly chemical attack on civilians. The strikes pushed President Donald Trump, who came to power in January calling for warmer ties with Syria's ally Russia, and his administration into confrontation with Moscow.
Meanwhile, Chinese President Xi Jinping called on the U.S. for a peaceful resolution with North Korea, which has warned it would launch a nuclear attack if provoked by the United States, as a U.S. Navy strike group headed toward the western Pacific.
The S&P 500 fell below its 50-day moving average and the CBOE Volatility index .VIX shot up to its highest level since November.
Prices of gold XAU=, a favored safe-haven asset, were flat but remained close to the highest level hit in November. The dollar index .DXY was also little changed, while oil prices edged up slightly.
Investors are keeping a close track of the quarterly earnings to support lofty valuations on Wall Street, following a rally fueled by bets on Trump's pro-growth agenda. The big banks unofficially kick-off the season on Thursday, with results due from JPMorgan (JPM.N), Citigroup (C.N) and Wells Fargo (WFC.N).
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