US opens lower, Dow loses over 150 points

Monday, 11. July 2022 15:31

Stock markets in the United States opened lower on Monday as investors look forward to the new earnings season. Twitter Inc. fell as much as 7% in premarket trade after Elon Musk announced he is dropping the planned acquisition of the social network.

The Dow Jones dropped 0.52% or 161 points at 9:30 am ET, with Walgreens Boots Alliance down 0.48%. The Nasdaq 100 plunged 1.06%, led by Pinduoduo, which plummeted 9.19%. The S&P 500 declined 0.73% at the same time, with Twitter Inc. starting the session losing 5.73%.

The euro traded 1.23% lower against the dollar at 9:33 am ET, selling for 1.00609.

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Author:
Baha Breaking News (BBN) / DJ