U.S. stock market opens slightly lower on Wednesday as investors await Beige book

Tiger Newspress2021-09-08

(Sept 8) U.S. stock market opens slightly lower on Wednesday as investors await Beige book.

The Dow Jones Industrial Average rose just 3 points. The S&P 500 traded around the flat line. The Nasdaq Composite fell 0.4% after closing at a record on Tuesday.

Some China concepts stocks fell in early trading.

Kadmon surged over 70%  in early trading. Sanofi strengthens transplant business with acquisition of Kadmon for $1.9B.

Softbank Group Corp rose for second day as investors hope for buybacks. “We think a buyback is now likely,” Citigroup Inc. analyst Mitsunobu Tsuruo wrote in a note on Wednesday, after the announcement of the Deutsche Telekom deal that will see SoftBank acquire 4.5% of the German carrier as well as sell part of its stake in T-Mobile US Inc.

That deal should eventually cash out over 1.45 trillion yen ($13.1 billion) in total that may be allotted to a “major share buyback,” Tsuruo wrote.

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Comments

  • KhunSao
    2021-09-09
    KhunSao
    ?
  • Keez
    2021-09-09
    Keez
    Ok
  • WCS1981
    2021-09-09
    WCS1981
    Hope it will go back up last 2 days of the week??
  • Dreamchaser9
    2021-09-09
    Dreamchaser9
    Ok
  • SSVC
    2021-09-09
    SSVC
    Ok Appreciate your comments and response Thanks 
  • koolgal
    2021-09-09
    koolgal
    The bear is back but I hope he will leave soon.  However it is a great time to go bargain hunting!  ???
    • koolgal: 
      Many stocks to choose.  I just bought OCBC. ??
    • gingy: 
      what to buy?
    • cc21: 
      sales...
    • koolgal: 
      ??
    • koolgalReplyWayneqq: 
      True. The market is still optimistic.  Need patience to wait for the severe down turn??
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