Markets Right Now: Stocks are opening lower on Wall Street
The latest on developments in financial markets (all times local):
Stocks are opening lower on Wall Street, following declines in Europe on more discouraging news on Europe’s economy.
Technology and internet companies fell the most in early trading Thursday.
Facebook sank 1.5 percent after German authorities said the company can’t use customer data from other apps to target ads without the explicit consent of users.
Traders were disappointed by news that the European Union slashed their growth forecast for the 19 countries that use the euro. Germany‘s index lost 1.8 percent.
The S&P 500 fell 20 points, or 0.7 percent, to 2,711.
The Dow Jones Industrial Average lost 174 points, or 0.7 percent, at 25,214. The Nasdaq dropped 73 points, or 1 percent, to 7,303.
Bond prices rose. The yield on the 10-year Treasury fell to 2.66 percent.