US markets take a breath after recent highs

15:08 12/10/2017
StockMarketWire.com - US markets opened in negative territory today as traders pause for thought while keeping a watchful eye on Brexit negotiations and the likely outcome for the UK and its so-called European partners.

Shortly after the open, the Dow was down 0.11% at 22,848, the S&P 500 was 0.16% lower at 2,551 and the Nasdaq was down by 0.08% at 6,598.

COMMODITIES

WTI was down by almost 2% at $50.29 and Brent crude was 1.49% lower at $56.09 per barrel.

Meanwhile, gold was higher by 0.49% at $1,295.2 per ounce.

Copper also advanced 0.76%.

ECONOMIC NEWS

Seasonally adjusted initial claims in US during the week ending 7 October was 243k, a decrease of 15k from the previous week's revised level, the Department of Labor said today.

The Producer Price Index (PPI) for final demand advanced by 0.4% in September, seasonally adjusted, the US Bureau of Labor Statistics reported today, while core PPI increased by a slightly less impressive 0.2%.



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