The three major U.S. stock indexes opened lower, with the Dow initially closing about 1,700 points lower
The three major U.S. stock indexes opened low and closed low, the Dow initially closed down about 1,700 points, the S&P 500 fell 4.8 per cent, the Nasdaq fell nearly 6 per cent. Technology stocks fell heavily, Apple (AAPL.O) fell 9%, market value evaporated about 300 billion U.S. dollars, Amazon (AMZN.O), Nvidia (NVDA.O) fell 8.9% and 7.8% respectively. Intel (INTC.O) bucked the market with a 2 per cent gain. The Nasdaq China Golden Dragon Index fell 1.9 per cent.
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