BUSINESS US stocks open sharply lower on deepening coronavirus hit

BUSINESS

US stocks open sharply lower on deepening coronavirus hit

AFP

21:58, April 01, 2020

0306_stocks.jpg

File photo

Wall Street stocks fell sharply in early trading Wednesday on weak jobs data and a downcast warning from President Donald Trump about the rising US death toll from the coronavirus.

About six minutes into trading, the Dow Jones Industrial Average stood at 21,174.95, down 3.4 percent or around 740 points.

The broad-based S&P 500 fell 4.0 percent to 2,496.85, while the tech-rich Nasdaq Composite Index tumbled 2.7 percent to 7,490.27.


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