US Stock indexes edge lower in early trading

U.S. stock indexes edged lower in early trading Wednesday, weighed down by a slide in materials and industrial companies. Consumer goods stocks were up the most. Energy stocks also rose as crude oil prices headed higher. Trading was subdued as investors monitored brewing geopolitical tensions head of the long Easter holiday weekend.

Investors are cautious as world events this week complicate the investment outlook. Tensions are rising over North Korea, which threatened the U.S. against making any military moves after Washington ordered an aircraft carrier to head toward the divided Korean Peninsula.

U.S. Secretary of State Rex Tillerson was in Moscow with the aim of getting Russia to ditch its ally Syria following last week's chemical attack.

France's election later in the month is also giving investors a reason to hunker down and avoid taking any big risks.

The dollar fell to a five-month low against the yen as investors seeking security amid global uncertainty piled into the Japanese currency. The euro was roughly flat.

Source: Bloomberg

Junior Trader Ivan Ivanov

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