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Stocks dip at open after 6-day advance in the Dow

Stocks dip at open after 6-day advance in the Dow

Stocks are edging lower in early trading as investors await more data on the housing industry.
The dip in stocks comes after a more than 400-point jump in the Dow Jones industrials in just six days.
The weakness came despite a better-than-expected report on factory orders. The Commerce Department said durable goods orders showed the biggest jump since July 2007.
Trading has been choppy over the past week as investors digest mixed economic reports.
In early trading, the Dow is down 31 at 9,508. The Standard & Poor's 500 index is down 3 at 1,024, while the Nasdaq composite index is down 2 at 2,021.


Updated : 2021-01-18 16:50 GMT+08:00