US: Wall St opens sharply lower after weak jobs data

US STOCK indexes slumped at the open on Friday (Aug 2), with the Nasdaq on track to confirm it was in a correction, after weak employment numbers exacerbated worries of a slowdown in the economy, with Amazon and Intel’s slumping on downbeat forecasts.

The Dow Jones Industrial Average fell 272.6 points, or 0.68 per cent, at the open to 40,075.33.

The S&P 500 fell 70.1 points, or 1.29 per cent, at the open to 5,376.63​, while the Nasdaq Composite dropped 413.7 points, or 2.41 per cent, to 16,780.446 at the opening bell. REUTERS