Tue. Nov 12th, 2019

Stocks open slightly lower as investors contend with geopolitical and growth jitters

1 min read

U.S. stocks fell at the opening bell Wednesday as investors grappled with the ominous economic signal from the yield curve’s inversion. The S&P 500

SPX, -0.01%

was down 0.3% to 2,858. The Dow Jones Industrial Average

DJIA, +0.06%

shed 122 points, or 0.4%, to around 25,656. The Nasdaq Composite

COMP, -0.26%

slipped 0.6% to 7,782. The likelihood of a no-deal Brexit appeared to rise after the U.K. prime minister Boris Johnson announced he would look to suspend parliament until Oct. 14, a move that would stymie opponents of a no-deal arrangement. The inversion of the yield curve, a well-regarded bond market recession indicator, also continued to dampen investor sentiment. In company news, shares of Autodesk Inc.

ADSK, -10.72%

fell 12.8% after the design software company’s outlook for third-quarter profits and sales fell short of analyst expectations.

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