U.S. stocks open lower, weighed by Deutsche Bank fears, falling oil

U.S. stocks on Tuesday opened lower, weighed by falling oil prices and worries over troubled Deutsche Bank . Crude-oil prices dropped nearly 3% after both Iran and Saudi Arabia played down expectations for a deal to freeze or cut oil production at the closely watched informal OPEC meeting on Wednesday. Futures had rallied overnight after the closely watched U.S. presidential debate between Democratic candidate Hillary Clinton and Republican contender Donald Trump late Monday. The S&P 500 opened down 4 points, or 0.2%, to 2.143. The Dow Jones Industrial Average lost 33 points, or 0.2%, to 18,059. And the Nasdaq Composite fell 3 points, or 0.1%, to 5,254.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Leave a Reply