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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

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.

 

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

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