US open: Stocks mixed as recession concerns remain in focus

Wall Street stocks were mixed early on Wednesday as market participants began to give up on the Federal Reserve's ability to engineer a soft landing.

As of 1510 GMT, the Dow Jones Industrial Average was up 0.11% at 33,632.26, while the S&P 500 advanced 0.02% to 3,942.20 and the Nasdaq Composite came out the gate 0.38% weaker at 10,973.32.

The Dow opened 35.92 points higher on Wednesday, taking a small bite out of losses recorded in the previous session after the Commerce Department revealed that the US trade deficit had widened in November.

Concerns about the state of the US economy remained in focus early on Wednesday, with investors trying to determine whether or not an economic downturn was on the horizon, while news that China's dollar-denominated exports had fallen 8.7% year-on-year in November was also drawing an amount of attention, with the drop being a markedly bigger one than the 3.5% decline expected by economists.

On the US macro front, mortgage applications declined 1.9% in the week ending 2 December, according to the Mortgage Bankers Association of America. Last week's fall, which follows a 0.8% drop in the previous week, comes as applications to purchase a home dropped 3% and refinance applications increased 4.7%.

Still to come, October consumer credit change figures will be published at 2000 GMT.

In the corporate space, Campbell Soup and GameStop will both report earnings on Wednesday.

Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

Travelers Company Inc. (TRV) $189.59 0.58%
3M Co. (MMM) $125.25 0.54%
Merck & Co. Inc. (MRK) $109.43 0.46%
Dow Chemical Co. (DOW) $51.27 0.43%
American Express Co. (AXP) $155.29 0.38%
Walmart Inc. (WMT) $150.45 0.37%
McDonald's Corp. (MCD) $272.45 0.25%
Procter & Gamble Co. (PG) $149.64 0.24%
Chevron Corp. (CVX) $172.40 0.23%
Nike Inc. (NKE) $108.11 0.17%

Dow Jones - Fallers

Boeing Co. (BA) $175.72 -1.52%
Visa Inc. (V) $206.06 -1.44%
Salesforce.Com Inc. (CRM) $131.44 -1.37%
Apple Inc. (AAPL) $140.98 -1.35%
Intel Corp. (INTC) $28.22 -1.33%
International Business Machines Corporation (CDI) (IBM) $146.41 -0.74%
Cisco Systems Inc. (CSCO) $48.25 -0.70%
Microsoft Corp. (MSFT) $243.49 -0.66%
Caterpillar Inc. (CAT) $227.17 -0.49%
Walt Disney Co. (DIS) $91.86 -0.46%

S&P 500 - Risers

State Street Corp. (STT) $80.54 8.30%
Campbell Soup Co. (CPB) $54.93 3.66%
PerkinElmer Inc. (PKI) $140.18 2.10%
Albemarle Corp. (ALB) $262.94 1.92%
Resmed Inc. (RMD) $221.75 1.85%
Vulcan Materials Co. (VMC) $181.18 1.82%
Stryker Corp. (SYK) $239.48 1.67%
Waters Corp. (WAT) $343.20 1.66%
Svb Financial Group (SIVB) $203.54 1.64%
PNC Financial Services Group (PNC) $154.32 1.62%

S&P 500 - Fallers

M&T Bank Corp. (MTB) $146.50 -8.64%
Brown Forman Corp. Class B (BF.B) $69.25 -5.97%
Welltower Inc (WELL) $64.14 -5.95%
TripAdvisor Inc. (TRIP) $18.03 -5.21%
Expedia Group Inc. (EXPE) $92.35 -4.71%
Nordstrom Inc. (JWN) $17.72 -3.70%
Booking Holdings Inc. (BKNG) $1,967.57 -3.65%
Southwest Airlines Co. (LUV) $38.24 -3.63%
Vornado Realty Trust (VNO) $21.25 -3.45%
American Airlines Group (AAL) $13.89 -3.11%

Nasdaq 100 - Risers

Illumina Inc. (ILMN) $209.30 1.61%
PACCAR Inc. (PCAR) $104.98 1.26%
Hasbro Inc (HAS) $61.31 1.22%
Workday, Inc. (WDAY) $163.18 1.13%
Henry Schein Inc. (HSIC) $81.51 1.08%
Align Technology Inc. (ALGN) $187.75 0.92%
Idexx Laboratories Inc. (IDXX) $419.17 0.91%
DENTSPLY Sirona Inc. (XRAY) $30.38 0.90%
Check Point Software Technologies Ltd. (CHKP) $132.27 0.58%
Vodafone Group Plc ADS (VOD) $10.91 0.51%

Nasdaq 100 - Fallers

Expedia Group Inc. (EXPE) $92.35 -4.71%
JD.com, Inc. (JD) $57.76 -4.29%
Booking Holdings Inc. (BKNG) $1,967.57 -3.65%
Baidu Inc. (BIDU) $113.41 -3.34%
American Airlines Group (AAL) $13.89 -3.11%
Trip.com Group Limited (TCOM) $32.10 -3.05%
Tesla Inc (TSLA) $174.72 -2.84%
Western Digital Corp. (WDC) $33.17 -2.12%
Micron Technology Inc. (MU) $52.65 -1.91%
Dish Network Corp. (DISH) $14.20 -1.73%