US: Wall Street dips at open as virus response falls short

[NEW YORK] The S&P 500 and the Dow Jones Industrials opened slightly lower on Thursday as another round of sweeping emergency action from policymakers across the globe failed to convince panic-stricken stock markets that a global recession could be averted.

The Dow Jones Industrial Average fell 68.91 points, or 0.35 per cent, at the open to 19,830.01. The S&P 500 opened lower by 4.62 points, or 0.19 per cent, at 2,393.48.

The Nasdaq Composite gained 6.61 points, or 0.09 per cent, to 6,996.45 at the opening bell.

REUTERS