US:Tech stocks drag Wall St lower as coronavirus spreads
Add BT as a preferred source
[NEW YORK] US stock indexes opened lower on Friday, dragged down by technology stocks for a second day, as a spike in new coronavirus cases in China and elsewhere sent investors scrambling for safer assets such as gold and government bonds.
The Dow Jones Industrial Average fell 73.45 points, or 0.25 per cent, at the open to 29,146.53.
The S&P 500 opened lower by 12.73 points, or 0.38 per cent, at 3,360.50.
The Nasdaq Composite dropped 42.95 points, or 0.44 per cent, to 9,708.01 at the opening bell.
REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Malaysia’s 8th richest man Jeffrey Cheah wants Sunway business to last 10 generations
US-China rivalry and the Kindleberger Trap: Why inaction – not escalation – is the biggest risk
How China’s young workers are securing their future even as AI disrupts job market, triggers pay cuts
