U.S. stocks open lower on sell-off
Xinhua,January 30, 2018 Adjust font size:
NEW YORK, Jan. 30 (Xinhua) -- U.S. stocks opened lower on Tuesday as the first major sell-off this year intensified.
In early trading, the Dow Jones Industrial Average lost 330.01 points, or 1.25 percent, to 26,109.47. The S&P 500 decreased 31.65 points, or 1.11 percent, to 2,821.88. The Nasdaq Composite Index was down 81.33 points, or 1.09 percent, to 7,385.17.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, rose 10.69 percent to 15.25.
On the economic front, the Conference Board's measure of consumer confidence rose to 125.4 in January, higher than estimated. The measure declined to 122.1 in December.
Meanwhile, the Federal Reserve kicked off its latest two-day monetary policy meeting on Tuesday. Market expectations for a rate hike are just 5.2 percent, according to the CME Group's FedWatch tool. Enditem