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Wall Street opens lower as Huawei executive arrest fans trade worries

Reuters | Thu, December 6, 2018 09:33 EST

(Reuters) - U.S. stocks tumbled at open on Thursday, as the arrest of a top executive of Chinese tech giant Huawei for extradition to the United States sparked fears of a flare-up in Sino-U.S. tensions, while sliding oil prices added to the pressure.

The Dow Jones Industrial Average <.DJI> fell 289.65 points, or 1.16 percent, at the open to 24,737.42.

The S&P 500 <.SPX> opened lower by 36.55 points, or 1.35 percent, at 2,663.51. The Nasdaq Composite <.IXIC> dropped 141.37 points, or 1.97 percent, to 7,017.05 at the opening bell.

(Reporting by Shreyashi Sanyal in Bengaluru; Editing by Sriraj Kalluvila)

(c) Copyright Thomson Reuters 2018. Click For Restrictions - https://agency.reuters.com/en/copyright.html



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