Reuters

Wall St opens sharply lower after weak jobs data; Amazon, Intel tank

By Reuters,

4 hours ago

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(Reuters) - U.S. stock indexes slumped at the open on Friday, with the Nasdaq on track to confirm it was in a correction, after weak employment numbers exacerbated worries of a slowdown in the economy, with Amazon and Intel's slumping on downbeat forecasts.

The Dow Jones Industrial Average fell 272.6 points, or 0.68%, at the open to 40,075.33. The S&P 500 fell 70.1 points, or 1.29%, at the open to 5,376.63, while the Nasdaq Composite dropped 413.7 points, or 2.41%, to 16,780.446 at the opening bell.

(Reporting by Ankika Biswas in Bengaluru; Editing by Pooja Desai)

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