US stocks open lower as Dow falls over 170 pts

Wednesday, 02. December 2020 15:34

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.

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Breaking the News / TF