Weak SGX Nifty, global peers indicate subdued opening for benchmark indices

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Wall Street Slips

US stocks edged lower as quarterly results from banks added to concerns about lower interest rates dampening their profits, while comments from US President Donald Trump on trade also dragged down Wall Street's major indexes.

JPMorgan Chase & Co and Wells Fargo & Co beat quarterly profit estimates but reported weaker net interest income, pointing to rising deposit costs. Those results followed Citigroup Inc's results on Monday, in which the bank reported a drop in its net interest margin.

Stocks also moved lower after Trump said there was a long way to go with China on trade and threatened to put tariffs on another $ 325 billion of Chinese goods.

The Dow Jones Industrial Average fell 23.53 points to 27,335.63, the S&P 500 lost 10.26 points to 3,004.04 and the Nasdaq Composite dropped 35.39 points to 8,222.80. Source: Reuters.

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Wall Street Slips

US stocks edged lower as quarterly results from banks added to concerns about lower interest rates dampening their profits, while comments from US President Donald Trump on trade also dragged down Wall Street’s major indexes.

JPMorgan Chase & Co and Wells Fargo & Co beat quarterly profit estimates but reported weaker net interest income, pointing to rising deposit costs. Those results followed Citigroup Inc’s results on Monday, in which the bank reported a drop in its net interest margin.

Stocks also moved lower after Trump said there was a long way to go with China on trade and threatened to put tariffs on another $ 325 billion of Chinese goods.

The Dow Jones Industrial Average fell 23.53 points to 27,335.63, the S&P 500 lost 10.26 points to 3,004.04 and the Nasdaq Composite dropped 35.39 points to 8,222.80. Source: Reuters.