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US stocks open sharply lower amid pressure on oil market

Business Finance

AFP  |  New York 

Wall Street stocks opened sharply lower Tuesday as the oil market remained under pressure and more large companies withdrew their earnings forecasts due to the uncertain economic outlook.

Shortly after the opening bell, the Dow Jones Industrial Average was down 2.2 per cent at 23,129.42.

The broad-based S&P 500 shed 1.8 per cent to 2,773.72, while the tech-rich Nasdaq Composite Index dropped 1.2 per cent to 8,457.84.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Tue, April 21 2020. 19:20 IST