Wall Street opens lower amid tech antitrust probes

Tuesday, 10. September 2019 15:30

Wall Street started with losses on Tuesday as the tech-heavy Nasdaq 100 fell 1% amid reports that Google and Facebook are facing antitrust probes. Earlier, President Donald Trump stated that trade talks with China will continue and trade advisor Peter Navarro said that tariffs on China are working "beautifully." Meanwhile, data on US small businesses showed that optimism remained stable in August.

The Dow Jones Industrial Average lost 0.18% at 9:30 am ET. Merck dropped 4.12% at 9:33 am ET.

The Nasdaq 100 fell 1.03%% at 9:42 am ET as MercadoLibre lost 3.81% at same time.

The S&P 500 declined 0.57% at 9:46 am ET and Ford Motor Co led the losses as it lost 3.51% at 9:31 am ET after Moody's downgraded its credit rating status to "junk" a day earlier.

The euro was down 0.06%, changing hands for 1.10420 against the dollar at 9:33 am ET. The pound was 0.17% up against the greenback, going for 1.23673 at 9:33 am ET. Meanwhile, the dollar gained 0.08% compared to the yen to trade for 107.3240 at 9:34 am ET.

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Author:
Breaking the News / VP