Markets
US stocks open down after Europe, Asian drops
WASHINGTON : US stocks opened lower Wednesday in the wake of slumping markets across Asia and Europe.
The Dow Jones
By
WASHINGTON: US stocks opened lower Wednesday in the wake of slumping markets across Asia and Europe.
The Dow Jones Industrial Average dropped 29.59 points (0.24 percent) to 12,326.62 in the first minutes of trade.
The broader Standard & Poor's 500 index gave up 3.15 points (0.24 percent) at 1,313.13 and the tech-heavy Nasdaq Composite fell 3.71 points (0.14 percent) to 2,742.45.
Utilities and consumer goods stocks were generally lower while energy shares rose a day after Goldman Sachs and Morgan Stanley forecast the price for Brent crude, London's benchmark, would hit $130 a barrel in 2012.
Copyright AFP (Agence France-Presse), 2011
More Stories
Comments
Comments are closed for this article.