US stocks dip amid nerves ahead of Scotland vote, Fed

GMT 15:29 2014 Friday ,12 September

Arab Today, arab today US stocks dip amid nerves ahead of Scotland vote, Fed

New York Stock Exchange
New York - AFP

Wall Street stocks opened lower Friday following a solid retail sales report and ahead of next week's Federal Reserve meeting and referendum on Scottish independence.
Six minutes into trade, the Dow Jones Industrial Average dropped 22.93 points (0.13 percent) to 17,026.07.
The broad-based S&P 500 dipped 3.02 (0.15 percent) to 1,994.43, while the tech-rich Nasdaq Composite Index lost 3.67 (0.08 percent) 4,588.14.
The Commerce Department reported that US retail sales grew 0.6 percent in August, picking up from growth of 0.3 percent in July. analyst Patrick O'Hare said traders are hesitant ahead of next week's Scotland vote and Fed meeting, which will be analyzed for clues about the timing of hiking interest rates.
"There is a prevailing question right now about what comes next for the stock, bond, and currency markets," O'Hare said.


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