Stock markets on Wall Street opened Wednesday's trading session below the flatline fueled by apprehension surrounding geopolitical tensions in the Middle East and a strike at domestic ports. Oil prices continued to surge by over 3% as traders factored in the potential disruptions in supply from the oil-rich region.
On the economic front, investors analyzed the ADP National Employment report, which revealed that the US added 143,000 private jobs in September, above the estimated 120,000 jobs. Additionally, Tesla Inc.'s deliveries report for the third quarter fell short of expectations.
The Dow Jones Industrial Average was down 0.19% with Nike Inc. declining by 6.48%. The S&P 500 fell 0.36% with Humana Inc. nosediving 23.01%. The Nasdaq 100 dropped 0.34% as Tesla Inc. sank by 3.50%.
The euro lost 0.14% against the dollar, trading at 1.10517 at 9:29 am ET.
