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12/2/2020, 3:34 PM (Source: TeleTrader)
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US stocks open lower as Dow falls over 170 pts

Stock markets in the United States opened lower on Wednesday as Dow Jones fell over 170 points. Mortgage applications in the US slid 0.6% in the week ending November 27 compared to the previous week, the Mortgage Bankers Association (MBA) said.

The Dow Jones dropped by 0.72% or 222 points at 9:31 am ET as Salesforce.com went down by 9.94%. The S&P 500 started the session down by 0.45%. Etsy was the worst performer with 2% fall. The Nasdaq 100 fell by 0.74% with Tesla leading the losses falling by 5.55%.

The euro stood flat compared to the dollar and sold for 1.20704 at 9:35 am ET.

Breaking the News / TF