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

[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