US: Wall St drops at open as Ukraine tensions weigh at start of crucial week

[NEW YORK] US stock indexes dropped at open on Monday (Jan 24), extending last week's bruising selloff, as concerns about soaring tensions between Russia and the West over Ukraine hit risk appetite ahead of a key Federal Reserve policy meeting later this week.

The Dow Jones Industrial Average fell 194.76 points, or 0.57 per cent, at the open to 34,070.61.

The S&P 500 opened lower by 41.62 points, or 0.95 per cent, at 4,356.32, while the Nasdaq Composite dropped 287.43 points, or 2.09 per cent, to 13,481.50 at the opening bell.

REUTERS