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	48,383.18 25.06M	1.32% 630.80
KMI30	230,199.37 12.77M	1.78% 4024.12
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Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	109,845.00	110,430.00 107,835.00	3405.00 3.20%
BRENT CRUDE	63.94	64.19 63.89	-1.06 -1.63%
RICHARDS BAY COAL MONTHLY	80.50	0.00 0.00	-1.50 -1.83%
ROTTERDAM COAL MONTHLY	93.00	93.00 93.00	0.10 0.11%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	60.13	60.39 60.10	-0.44 -0.73%
SUGAR #11 WORLD	14.25	14.42 14.07	-0.17 -1.18%