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Wall Street to open lower on trade woes; S&P sector reshuffle in focus

Updated : September 24, 2018 06:57 PM IST

The markets could be volatile and trading volumes higher as the S&P 500 sector shuffle takes effect, with the telecoms sector reshaped into a "communications services" index to include heavy-hitting technology stocks such as Facebook Inc, Twitter and Alphabet.
US tariffs on some $200 billion worth of Chinese goods took effect on Monday, along with Beijing's retaliatory duties on $60 billion worth of US products, which pressured trade-sensitive stocks.
Wall Street to open lower on trade woes; S&P sector reshuffle in focus

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