US stocks open sharply lower, extending downturn | Malay Mail

NEW YORK, Jan 24 — Wall Street stocks opened lower today, extending a January downturn amid worries over monetary policy changes and tensions over Russia’s actions near Ukraine.

Adding to this, the United States, Britain and Australia ordered diplomats’ families to leave Kyiv as Russia deployed some 100,000 troops and heavy armour at the Ukraine border.The broad-based S&P 500 shed 1.9 per cent to 4,315.96, while the tech-rich Nasdaq Composite Index dropped 2.2 per cent to 13,470.24.

Kohl’s jumped 33 per cent following reports activist funds had offered roughly US$9 billion to acquire the department store chain.

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