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

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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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KSE30	50,813.89 65.25M	0.15% 74.20
KMI30	244,391.30 71.96M	0.08% 186.13
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Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	84,685.00	85,595.00 84,120.00	265.00 0.31%
BRENT CRUDE	106.16	106.32 105.25	1.84 1.76%
RICHARDS BAY COAL MONTHLY	123.00	0.00 0.00	-0.10 -0.08%
ROTTERDAM COAL MONTHLY	136.55	0.00 0.00	-0.20 -0.15%
USD RBD PALM OLEIN	1,167.50	1,167.50 1,167.50	0.00 0.00%
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SUGAR #11 WORLD	18.54	18.75 18.43	-0.07 -0.38%