Dow loses 200 pts after open amid data, earnings

Thursday, 23. January 2020 15:31

Shares on Wall Street were lower after the open on Thursday following the US Department of Labor report on the increase in initial jobless claims, while Procter & Gamble Co., Comcast Corporation and American Airlines Group all posted their latest quarterly results.

Meanwhile, in China, state television announced that a total of 571 people have been infected by the new strain of the coronavirus.

The Dow Jones dropped 207 points, or 0.67% at 9:38 am ET. The Travelers Companies Inc. was the worst performer, falling by 3.29% at 9:34 am ET.

The Nasdaq 100 lost 0.39% at 9:41 am ET. Fox Corp was 2.52% down at 9:43 am ET and led the losses.

The S&P 500 declined by 0.49% at 9:41 am ET with Freeport-McMoRan Inc. plunging 8.30% at 9:32 am ET.

The euro lost 0.18% to the dollar, trading at 1.10741 at 9:29 am ET.

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Breaking the News / MS