U.S. stocks slide at open after lackluster China and Europe data
U.S. equities fell on Friday's open, following the cue of global stock markets as investors responded to signs of weakening economic activity in China and the eurozone. The Dow Jones Industrial Average fell 171 points, or 0.5%, to 33,889. The S&P 500 slid 24 points, or 0.6%, to 4,188, after closing at a record on Thursday. The Nasdaq Composite was down 0.7% to 13,991. The eurozone economy shrank at the beginning of 2021 for the second consecutive quarter, entering its second technical recession in a year. Shares of Amazon.com Inc. were up after the e-commerce giant reported a second consecutive quarter of more than $100 billion in sales and predicted a third on the way.
Published:4/30/2021 8:42:53 AM