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US: Wall Street slumps at open as investors seek safety

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US stocks opened lower on Wednesday, as investors sought safety in gold and government bonds on worries about the impact of a long-drawn US-China trade war on global growth.

[NEW YORK] US stocks opened lower on Wednesday, as investors sought safety in gold and government bonds on worries about the impact of a long-drawn US-China trade war on global growth.

The Dow Jones Industrial Average fell 215.30 points, or 0.83 per cent, at the open to 25,814.22.

The S&P 500 opened lower by 23.12 points, or 0.80 per cent, at 2,858.65. The Nasdaq Composite dropped 85.99 points, or 1.10 per cent, to 7,747.27 at the opening bell. 

REUTERS

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