US: Stocks open lower, resuming sell-off after 3-day surge

About five minutes into trading, the Dow Jones Industrial Average had dropped 3.5 per cent or around 800 points to 21,754.26.[NEW YORK] After three straight sessions of gains, Wall Street opened sharply lower Friday amid a worsening economic outlook due to the coronavirus outbreak.

About five minutes into trading, the Dow Jones Industrial Average had dropped 3.5 per cent or around 800 points to 21,754.26. The broad-based S&P 500 fell 3.2 per cent to 2,545.80, while the tech-rich Nasdaq Composite Index dropped 2.9 per cent to 7,572.60.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks brush aside record US unemployment surgeNEW YORK: Stocks shot higher on Thursday (Mar 26) as investors brushed aside a record surge in US unemployment benefit claims, instead focusing on ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Stocks rally advances on German, US stimulus plansNEW YORK: Global stocks mostly rose on Wednesday (Mar 25) after US congressional leaders reached a deal on a mammoth stimulus bill, although the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Asia stocks rise after US rally on bets of more stimulus: STI up 2.2%TOKYO (REUTERS) - Asian stocks rose on Friday (March 27) as investors wagered policymakers will roll out additional stimulus measures to combat the coronavirus pandemic after US unemployment filings surged to a record.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »