US: Wall St opens lower as crude prices slide
Published Wed, Feb 24, 2016 · 02:50 PM
[NEW YORK] US stocks were lower at the open on Wednesday as crude prices slid after top producer Saudi Arabia ruled out production cuts to help tackle a global glut.
The Dow Jones industrial average fell 90.26 points, or 0.55 per cent, to 16,341.52.
The S&P 500 lost 12.61 points, or 0.66 per cent, to 1,908.66 and the Nasdaq Composite index dropped 48.64 points, or 1.08 per cent, to 4,454.94.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Singapore stocks end week in red; STI down 0.1%
Asia: Markets track Wall Street higher as rate hopes rise, eyes on US jobs
H2G Green chief to stand trial on Aug 5 amid MOM probe
Singapore shares climb at Friday’s open; STI up 0.2%
Stocks to watch: DBS, KIT, Clint, Elite Commercial Reit
Europe: Shares ease after Federal Reserve decision, mixed earnings