Downbeat opening for Wall Street as tech stocks struggle | Malay Mail

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NEW YORK, Sept 18 — Wall Street opened with little enthusiasm today as stock traders digest the implications of Washington’s continued failure to agree on a new stimulus package to bolster the battered US economy. About 35 minutes after the open, the benchmark Dow Jones Industrial Average was...

About 35 minutes after the open, the benchmark Dow Jones Industrial Average was down 0.3 per cent to 27,822.74. — Reuters pic

About 35 minutes after the open, the benchmark Dow Jones Industrial Average was down 0.3 per cent to 27,822.74. After a buoyant August, stocks have been under pressure for most of September given doubts about whether lofty valuations are justified. Tech stocks in particular have had rough trading sessions in recently after the Nasdaq posted multiple records last month.

 

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