US: Wall St tumbles on lackluster earnings, economic data
[NEW YORK] US stock indexes slumped 2 per cent minutes after the open on Wednesday as a record drop in retail sales and dour first-quarter earnings reports lent weight to forecasts for the biggest economic slump since the 1930s.
The Dow Jones Industrial Average fell 349.04 points, or 1.46 per cent, at the open to 23,600.72.
The S&P 500 opened lower by 50.42 points, or 1.77 per cent, at 2,795.64, while the Nasdaq Composite dropped 159.78 points, or 1.88 per cent, to 8,355.96 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
Singapore stocks end lower after US market wobbles ahead of CPI data; STI down 0.2%
LSEG reports in-line first quarter as Microsoft partnership progresses
Japan brokerage Daiwa’s Q4 profit more than doubles as markets recover
South Korea readies new system to detect illegal short-selling
Asia: Markets mixed as global rally stalls, eyes on yen
Singapore shares retreat at Thursday’s open; STI down 1.1%