News Formal

US: Wall St tumbles on lackluster earnings, economic data

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

[NEW YORK] US stock indexes slumped 2 per cent minutes after the open on Wednesday as a record drop in retail sales and dour first-quarter earnings reports lent weight to forecasts for the biggest economic slump since the 1930s. Read more at The Business Times.

The Dow Jones Industrial Average fell 349.04 points, or 1.46 per cent, at the open to 23,600.72.

[NEW YORK] US stock indexes slumped 2 per cent minutes after the open on Wednesday as a record drop in retail sales and dour first-quarter earnings reports lent weight to forecasts for the biggest economic slump since the 1930s.The S&P 500 opened lower by 50.42 points, or 1.77 per cent, at 2,795.64, while the Nasdaq Composite dropped 159.78 points, or 1.88 per cent, to 8,355.96 at the opening bell.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in US

United States United States Latest News, United States United States Headlines

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

Wall St. set to slump after gloomy economic data, bank earningsU.S. stock index futures retreated on Wednesday for a second time this week, as a slide in oil prices pressured energy stocks ahead of what is ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »