Stocks Open Lower On Wall Street, Led By Banks
Stocks are opening lower on Wall Street as traders were unimpressed by the latest positive sign on the job market. The Dow Jones industrial average fell 117 points, or 0.7 percent, to 16,748 in the first few minutes of trading Thursday. The Standard & Poor’s 500 index fell 14 points, or 0.8 percent, to 1,945 and the Nasdaq composite fell 30 points, or 0.7 percent, to 4,349. The drop was slight but wide. All 10 sectors of the S&P 500 were lower, led by bank stocks.
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