Market

US Stock Markets Open Flat as Investors Eye Economic Data and Earnings Reports

Market Overview

Major U.S. stock indexes opened mostly flat today, with investors closely monitoring the latest economic data and corporate earnings reports. Companies like Rivian Automotive Inc. and Snap Inc. are in the spotlight, alongside updates on the country's services and manufacturing sectors.

Economic Indicators

Recent data showed a decline in the U.S. trade deficit, signaling potential shifts in the economic landscape. Additionally, Pfizer Inc. and Fox Corporation have reported positive earnings, contributing to the market's cautious optimism.

Index Performance

The Dow Jones Industrial Average and the S&P 500 remained flat at the opening, while the Nasdaq 100 saw a slight increase of 0.11%. Notably, Axn Enterprise shares surged by 12.77% early in the trading session.

Currency Movements

In currency markets, the euro dipped by 0.20% against the dollar, trading at $1.15509, reflecting the ongoing volatility in global financial markets.