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Companies & Markets

US: Stocks open lower, resuming sell-off after 3-day surge

Published Fri, Mar 27, 2020 · 02:03 PM
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[NEW YORK] After three straight sessions of gains, Wall Street opened sharply lower Friday amid a worsening economic outlook due to the coronavirus outbreak.

About five minutes into trading, the Dow Jones Industrial Average had dropped 3.5 per cent or around 800 points to 21,754.26.

The broad-based S&P 500 fell 3.2 per cent to 2,545.80, while the tech-rich Nasdaq Composite Index dropped 2.9 per cent to 7,572.60.

AFP

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