The Business Times

US: Wall St slips at open on Turkey turmoil

Published Fri, Aug 10, 2018 · 01:42 PM

[NEW YORK] US stocks opened lower on Friday as a plunging Turkish lira rattled global markets due to concerns over the country's economy and a deepening rift with the United States.

The Dow Jones Industrial Average fell 108.04 points, or 0.42 per cent, at the open to 25,401.19.

The S&P 500 opened lower by 13.94 points, or 0.49 per cent, at 2,839.64. The Nasdaq Composite dropped 57.07 points, or 0.72 per cent, to 7,834.71 at the opening bell. 

REUTERS

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

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here