You are here

US: Wall Street opens lower on global growth worries

doc73qzyxzwi47sj68n1m9_doc73mwamx81fk1aok8w6fk.jpg
US stocks opened lower on Tuesday after rallying for four straight weeks, as fears of a global economic slowdown resurfaced after the International Monetary Fund trimmed its growth outlook in a week of heavy corporate earnings.

[NEW YORK] US stocks opened lower on Tuesday after rallying for four straight weeks, as fears of a global economic slowdown resurfaced after the International Monetary Fund trimmed its growth outlook in a week of heavy corporate earnings.

The Dow Jones Industrial Average fell 98.59 points, or 0.40 per cent, at the open to 24,607.76. The S&P 500 opened lower by 12.83 points, or 0.48 per cent, at 2,657.88. The Nasdaq Composite dropped 47.66 points, or 0.67 per cent, to 7,109.57 at the opening bell.

REUTERS

sentifi.com

Market voices on: