Growth worries, Chinese tech rout drag Wall St lower at open

The New York Stock Exchange is shown in the Manhattan borough of New York City, New York, United States, on April 16, 2021, amid the coronavirus illness (COVID-19) pandemic. Carlo Allegri/Reuters Reuters, July 8 – The spread of the COVID-19 Delta version threw doubt on an economic rebound, while a rout in Chinese tech companies appeared to have spilled over across markets, sending Wall Street’s main indexes substantially lower at the outset on Thursday. The Dow Jones Industrial Average (.DJI) opened at 34,569.01, down 112.8 points, or 0.33 percent. At the outset, the S&P 500 (.SPX) slid 37.1 points, or 0.85 percent, to 4,321.07, while the Nasdaq Composite (.IXIC) fell 255.9 points, or 1.74 percent, to 14,409.19. Devik Jain contributed reporting from Bengaluru, and Arun Koyyur edited the piece. The Thomson Reuters Trust Principles are our standards./nRead More