Wall Street down as global growth worries hit tech stocks

📆 10/09/2019 20:16:00
📰 ChannelNewsAsia

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U.S. stock index futures dipped on Tuesday as weak economic data from China signaled slowing growth in the country, rekindling fears of global ...

REUTERS: U.S. stocks fell in morning trading on Tuesday as weak economic data from China added to fears of a global recession and pushed investors out of riskier technology stocks.

Trading so far this week has largely been subdued as investors hold out for policy decisions from central banks on potential monetary easing. Among other stocks, Ford Motor Co fell 3.4per cent after ratings agency Moody's downgraded its bonds to junk status overnight. At 10:12 a.m. ET the Dow Jones Industrial Average was down 102.43 points, or 0.38per cent, at 26,733.08, the S&P 500 was down 20.68 points, or 0.69per cent, at 2,957.75 and the Nasdaq Composite was down 77.30 points, or 0.96per cent, at 8,010.14.

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