off-the-wire

Wall St opens sharply lower, S&P 500 nears bear market territory

Kitco Media
By Reuters
Published:
Updated:
Reuters
Wall St opens sharply lower, S&P 500 nears bear market territory teaser image

April 7 (Reuters) - Wall Street's main indexes opened sharply lower on Monday, with the S&P 500 on track to confirm bear market territory, as investors sought refuge in government bonds on economic worries over the fallout of U.S. President Donald Trump's sweeping tariff plans.

At 09:31 a.m. the Dow Jones Industrial Average (.DJI), fell 1,212.98 points, or 3.17%, to 37,101.88, the S&P 500 (.SPX), lost 181.37 points, or 3.57%, to 4,892.71, and the Nasdaq Composite (.IXIC), lost 623.23 points, or 4.00%, to 14,964.56.

Reporting by Pranav Kashyap in Bengaluru; Editing by Shounak Dasgupta

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