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	53,302.93 170.17M	-0.35% -187.58
KMI30	248,539.23 176.46M	-0.45% -1124.66
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Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	87,810.00	89,705.00 87,600.00	-450.00 -0.51%
BRENT CRUDE	60.84	61.92 60.63	-0.49 -0.80%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	0.65 0.75%
ROTTERDAM COAL MONTHLY	96.75	0.00 0.00	0.20 0.21%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	57.41	58.55 57.20	-0.54 -0.93%
SUGAR #11 WORLD	14.95	15.22 14.80	0.11 0.74%