US: Dow falls 1% at open after Cohn's exit

[NEW YORK] The Dow Jones Industrial Average opened 1 per cent lower on Wednesday as the exit of free trade backer Gary Cohn triggered concerns that President Donald Trump may move ahead with his threat to impose hefty metal tariffs and ignite a global trade war.

The Dow Jones Industrial Average fell 289.31 points, or 1.16 per cent, to 24,594.81. The S&P 500 lost 23.65 points, or 0.87 per cent, to 2,704.47. The Nasdaq Composite dropped 59.74 points, or 0.81 per cent, to 7,312.27.

REUTERS