US: Stocks drop amid worries of strong dollar
[NEW YORK] US stocks opened lower on Tuesday amid worries over the strong dollar, reversing the strong performance of the prior day as the volatility of last week looked set to continue.
Five minutes into trade, the Dow Jones Industrial Average was at 17,858.10, down 137.62 points (0.76 per cent).
The broad-based S&P 500 fell 16.26 (0.78 per cent) to 2,063.17, while the tech-rich Nasdaq Composite Index dropped 40.87 (0.83 per cent) to 4,901.56.
Analysts cited concerns about the strong US dollar, expectations for higher US interest rates and ongoing worries about the eurozone's negotiations with Greece for the market weakness.
AFP
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
Europe: Stoxx 600 falls on banks drag; tech contains losses on ASMI boost
US: Stocks end flat ahead of key inflation data
Hong Kong spot crypto ETFs to start trading next week
Greenback recovers from PMI slump, yen closes in on 155 per dollar
Hong Kong Stock Exchange bids farewell to first woman chair
Asia stocks rise on Wednesday amid Wall Street rally; STI up 0.6%