Wall Street Tumbles At Open As Weak Industrials Add To Dour Mood

(Reuters) - Wall Street opened sharply lower on Tuesday as disappointing earnings from industrial bellwethers Caterpillar and 3M piled on to concerns over Saudi Arabia’s diplomatic isolation, Italy’s finances and trade war fears.

The Dow Jones Industrial Average .DJI fell 278.95 points, or 1.10 percent, at the open to 25,038.46.

Dow Jones & Company Inc
24975.31
.DJIDOW JONES INDEXES
-342.10(-1.35%)
.DJI
.DJI.SPX.IXIC
The S&P 500 .SPX opened lower by 34.85 points, or 1.26 percent, at 2,721.03. The Nasdaq Composite .IXIC dropped 140.08 points, or 1.88 percent, to 7,328.55 at the opening bell.

Reporting by Amy Caren Daniel in Bengaluru; Editing by Shounak Dasgupta

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Gold and silver price ETFs see major net outflows

Gold stocks decline by less than metal price

A shift to the later stages of gold and silver bull markets

Gold stocks plunge on metal drop

Gold stocks still up after pullback late in the week