U.S. stocks opened lower on Monday, weighed by technology shares, as investors worried about global growth fears.
REUTERS: Wall Street's main indexes fell on Monday, dragged down by declines in high-growth technology shares, as fears of a global slowdown roiled the market for the second straight session.
"The concerns of global growth, without a China-U.S. trade deal, will linger in the background and continue to weigh on markets."Top U.S. officials travel to Beijing for the latest round of high-level talks, which are scheduled to start on March 28.Apple Inc's shares fell 1.6 percent ahead of an event where the company is widely expected to launch its video streaming service. The event is scheduled to start at 1 p.m. ET.
At 10:11 a.m. ET, the Dow Jones Industrial Average was down 103.92 points, or 0.41 percent, at 25,398.40, the S&P 500 was down 11.84 points, or 0.42 percent, at 2,788.87 and the Nasdaq Composite was down 48.60 points, or 0.64 percent, at 7,594.07.The planemaker said it will brief pilots and regulators this week on software and training updates for its 737 MAX aircraft, with Ethiopian Airlines and Qatar Airways expressing confidence in the company despite a recent crash.
Viacom Inc's shares rose 5.2 percent, the most on the S&P, after the company renewed a contract with AT&T Inc to continue carrying its services.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US: Wall Street tumbles on global economic slowdown fears[NEW YORK] Wall Street stocks sold off sharply on Friday, with all three major US stock indexes posting their biggest one-day percentage declines since Jan 3, as weak factory data from the United States and Europe led to an inversion of US Treasury yields, fuelling fears of a global economic downturn. Read more at The Business Times.
Read more »
Wall Street set for muted open as investors await Fed outlookU.S. stock futures were little changed on Wednesday as investors waited for more clarity on the Federal Reserve's interest rate outlook for the ...
Read more »
Wall Street gives up gains on news of troubled trade talksU.S. stock futures rose slightly on Tuesday as investors anticipated a more accommodative policy stance from the U.S. Federal Reserve in a two-day ...
Read more »
Financials weigh down Wall Street as Fed stays dovishU.S. stock futures were little changed on Wednesday as investors waited for more clarity on the Federal Reserve's interest rate outlook for the ...
Read more »
Banks stifle Wall Street rally following dovish Fed statementU.S. stock futures were little changed on Wednesday as investors waited for more clarity on the Federal Reserve's interest rate outlook for the ...
Read more »
Tech dominates Wall Street rally in wake of dovish Fed statementU.S. stock index futures were subdued on Thursday, a day after the Federal Reserve abandoned projections for any interest rate hikes this year ...
Read more »
Australia, New Zealand: Shares follow Wall Street rally[BENGALURU] Australian shares rose on Friday, tracking gains on Wall Street after strong US economic data eased concerns about a cooling economy, with financials and healthcare stocks boosting the local benchmark. Read more at The Business Times.
Read more »
Wall Street Week Ahead: Doubts increase that first quarter will be earnings low pointNEW YORK: As Wall Street braces for what may be the first U.S. profit decline since 2016, investors say the first quarter may not mark the low ...
Read more »
Banks, oil companies lift US stocksNEW YORK: Wall Street stocks finished higher on Monday (Mar 18), with gains from petroleum companies and banks more than offsetting another drop ...
Read more »
Asian markets suffer blood-letting on global growth fearsAsian markets plunged Monday after a sharp sell-off on Wall Street fuelled by concerns about the global economy and a possible recession in the ...
Read more »