US stocks open lower amid global rout, Dow -0.3%, Nasdaq -0.8%
MG News | August 02, 2019 at 07:25 PM GMT+05:00
Aug 02, 2019: Wall Street stocks opened lower Friday as the latest round of US tariffs on China overshadowed a mixed US jobs report amid a global equity selloff.
About five minutes into trading, the Dow Jones Industrial Average was down 0.3 percent to 26,509.15.
The broad-based S&P 500 slid 0.4 percent to 2,942.42, while the tech-rich Nasdaq Composite Index shed 0.8 percent to 8,805.45.
US indices lost about one percent on Thursday after President Donald Trump's surprise announcement of a 10 percent punitive tariffs on $300 billion in Chinese imports. Major bourses in Europe and Asia have lost more than two percent since the announcement.
AFP/APP
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