Don’t miss the latest developments in business and finance.

Wall Street opens lower as crude prices slide

Crude prices slid after top producer Saudi Arabia ruled out production cuts to help tackle a global glut

Traders work on the floor of the New York Stock Exchange
Traders work on the floor of the New York Stock Exchange
Reuters
Last Updated : Feb 24 2016 | 8:40 PM IST

US stocks were lower at the open on Wednesday as crude prices slid after top producer Saudi Arabia ruled out production cuts to help tackle a global glut.

The Dow Jones industrial average fell 90.26 points, or 0.55 percent, to 16,341.52.

The S&P 500 lost 12.61 points, or 0.66 percent, to 1,908.66 and the Nasdaq Composite index dropped 48.64 points, or 1.08 percent, to 4,454.94.

 

Also Read

First Published: Feb 24 2016 | 8:02 PM IST

Next Story