Wall Street opens slightly down – Business World

The courses on Wall Street opened the trading week in negative territory where even the oil traded at lower levels. The negative opening was in line with developments on the European exchanges. In Asia listed stocks generally lower prices, with Japanese markets against the current.

“It is positive that the market remains at near unchanged levels. This suggests that it takes a break before moving up to new higher levels, “said Adam Sarhan at Sarhan Capital to CNBC.

Large companies index Dow Jones Industrial Average was at 16:16 down 0.3 percent to 18,500. The broader index S & amp; P 500 was down 0.2 percent to 2,179, and the technology-heavy Nasdaq Composite was down 0.1 percent to 5235.

The ten-year rate was 2 basis points lower at 1.56 per cent and was 3 trettioårsräntan points lower at 2.26 percent.

the US Federal Reserve Vice Chairman Stanley Fischer said at the weekend that the central bank is close to its target and came with hawkish comments which supported the dollar.

this week’s focus is in makroväg is otherwise the US central bank chief Janet Yellens speech in Jackson Hole on Friday as the market hoping to get new signals about future monetary policy.

“the market is currently pricing in a rate hike in March, and Yellen are determined to increase at an earlier stage, she must take advantage of Friday’s opportunity to communicate such thoughts, “said Craig Erlam at Oanda to MarketWatch.

Oil prices fell by more than 2 percent on Monday weighing on companies in the sector where Exxon and Chevron fell 0.4 percent each.

Among the more company-specific news, pharmaceutical giant Pfizer afternoon confirmed that they acquire biotechnology company Medivation. The purchase price is $ 81.50 in cash per share, totaling approximately $ 14 billion. Medivation jumped up from 20 to 80.43 dollars per share percent while Pfizer rose 0.6 percent.

In rekommendationsväg have Longbow lowered Council on Stanley Black & amp; Decker to neutral from buy, while Goldman Sachs has raised the L Brands to buy from neutral. Stanley Black & amp; Decker fell 0.5 percent, while L Brands increased 0.5 percent.

Citigroup initiated coverage of several steel companies, including US Steel and Steel Dynamics with the Council purchase. The shares were up 2.2 percent and 1.3 percent.