You are here

US: Wall St opens lower, healthy GDP growth dulls corporate slowdown pain

doc72hrbmuojrm1dawt7a0_doc72h9b2i1rk412vti2mx5.jpg
US stocks opened lower on Friday, as disappointing earnings from Amazon and Alphabet rekindled a rush to dump technology and high-growth stocks, but losses were limited by data that showed economic growth slowed less than expected last quarter.

[NEW YORK] US stocks opened lower on Friday, as disappointing earnings from Amazon and Alphabet rekindled a rush to dump technology and high-growth stocks, but losses were limited by data that showed economic growth slowed less than expected last quarter.

At 9.30 am EDT the Dow Jones Industrial Average was down 242.70 points, or 0.97 per cent, at 24,741.85, the S&P 500 was down 39.12 points, or 1.45 per cent, at 2,666.45 and the Nasdaq Composite was down 178.88 points, or 2.44 per cent, at 7,139.46.

REUTERS

sentifi.com

Market voices on: