Wall Street slips at open as Italy's political turmoil weighs

  • 05/29/2018
  • Source: Reuters
  • by: Reuters Staff

U.S. stocks opened sharply lower on Tuesday as investors switched cash into perceived safe havens of global financial markets due to a deepening political crisis in Italy.

The Dow Jones Industrial Average .DJI fell 146.50 points, or 0.59 percent, at the open to 24,606.59. The S&P 500 .SPX opened lower by 16.22 points, or 0.60 percent, at 2,705.11. The Nasdaq Composite .IXIC dropped 35.34 points, or 0.48 percent, to 7,398.51 at the opening bell.
 Source: Reuters
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