Wall Street dips at open after Trump’s speech

US stocks opened slightly lower on Wednesday as investors evaluated developments around US-China trade talks and President Donald Trump’s State of the Union address, which offered no specific economic policy initiatives.

The Dow Jones Industrial Average fell 39.95 points, or 0.16pc, at the open to 25,371.57.

The S&P 500 opened lower by 2.65 points, or 0.10pc, at 2,735.05. The Nasdaq Composite dropped 1.64 points, or 0.02pc, to 7,400.44 at the opening bell.

Must Read

Finance Ministry directs ministries to surrender unspent funds by April 30

Move aims to enhance fiscal responsibility by requiring all principal accounting officers to finalise their revised estimates for fiscal year 2025 and firm up budget proposals