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Wall Street opens marginally lower on oil slump

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Reuters

(Reuters) - U.S. stocks opened slightly lower on Friday following a steep drop in oil prices and disappointing corporate results that soured sentiment at the end of a week dominated by concerns over North Korea and trade tensions with China.

The Dow Jones Industrial Average fell 30.47 points, or 0.12 percent, at the open to 24,781.29. The S&P 500 opened lower by 4.16 points, or 0.15 percent, at 2,723.60. The Nasdaq Composite dropped 2.23 points, or 0.03 percent, to 7,422.20.

(Reporting by Sruthi Shankar in Bengaluru; Editing by Sriraj Kalluvila)

 

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First Published: May 25 2018 | 7:07 PM IST

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