US stocks open sharply lower; Nasdaq -2.0%
New York (AFP) –
Wall Street stocks dropped sharply in opening trade Monday with petroleum-linked shares and technology equities falling hard after another drop in oil prices.
Five minutes into trade, the Dow Jones Industrial Average was down 1.34 percent, the S&P 500 1.45 percent and the Nasdaq Composite Index 1.97 percent.
Amazon dropped 3.4 percent and Facebook shed 4.1 percent.
Among petroleum-linked stocks, ConocoPhillips fell 3.0 percent, Anadarko Petroleum 6.0 percent and oil-services company Weatherford International 4.9 percent.
© 2016 AFP