US stocks open lower

US markets have opened down after more poor eurozone data, along with new US rules meant to stifle tax inversions.

US stocks opened lower after more poor data on the eurozone economy sent European markets tumbling.

New US rules meant to stifle tax inversions also spurred selling, as they raised questions about tens of billions of dollars worth of mergers that had excited the markets when first announced.

Five minutes into trade, the Dow Jones Industrial Average was down 40.84 points (0.24 per cent) to 17,131.87.

The broad-based S&P 500 fell 5.04 (0.25 per cent) to 1,989.25, while the tech-rich Nasdaq Composite Index lost 10.96 (0.24 per cent) to 4,516.73.


Share

1 min read

Published

Updated


Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world