The Dow Jones dropped to 35,095.05 points in the first minutes of trading, the S&P 500 – to the level of 4,589.30 points.
Trading on the New York Stock Exchange on Thursday opened with a decrease in key indices by 0.3-0.4%. This is evidenced by the data posted on the website of the trading platform.
The Dow Jones industrial Average fell by 133.76 points (0.38%) to 35,095.05 points in the first minutes of trading. The S&P 500 index lost 13.15 points (0.29%), falling to the level of 4,589.30 points. The NASDAQ electronic exchange index fell by 45.88 points (0.32%) to 14,396.39 points.
According to experts, the negative dynamics may change during the day amid reports that the U.S. administration is considering the possibility of releasing 1 million barrels of oil from the strategic reserve daily for several months. “For the markets, this means less inflation <…>. This [decision] is designed to facilitate the work of the business and can remove the destabilizing moment,” The Wall Street Journal newspaper quotes James Eti, responsible for investments in Abrdn.
The price of the May WTI crude oil futures fell by $3.91 per barrel (3.63%) to $103.91.