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US: Wall St tumbles at open as weak industrials add to dour mood

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Wall Street opened sharply lower on Tuesday as disappointing earnings from industrial bellwethers Caterpillar and 3M piled on to concerns over Saudi Arabia's diplomatic isolation, Italy's finances and trade war fears.

[NEW YORK] Wall Street opened sharply lower on Tuesday as disappointing earnings from industrial bellwethers Caterpillar and 3M piled on to concerns over Saudi Arabia's diplomatic isolation, Italy's finances and trade war fears.

The Dow Jones Industrial Average fell 278.95 points, or 1.10 per cent, at the open to 25,038.46.

The S&P 500 opened lower by 34.85 points, or 1.26 per cent, at 2,721.03. The Nasdaq Composite dropped 140.08 points, or 1.88 per cent, to 7,328.55 at the opening bell.

REUTERS

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