The Business Times

US: Wall St opens lower as Apple sales warning drags tech

Published Thu, Jan 3, 2019 · 02:50 PM

[NEW YORK] US stocks opened lower on Thursday, weighed by a drop in the technology sector after Apple Inc's rare sales warning inflamed fears that the Sino-US trade war and a slowing China economy would eat into corporate profits more than expected.

The Dow Jones Industrial Average fell 169.85 points, or 0.73 per cent, at the open to 23,176.39.

The S&P 500 opened lower by 18.11 points, or 0.72 per cent, at 2,491.92. The Nasdaq Composite dropped 81.16 points, or 1.22 per cent, to 6,584.77 at the opening bell.

REUTERS

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