Stocks open lower on Wall Street following drops overseas
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January 30, 2020 7:05 AM
Stocks are opening moderately lower on Wall Street, following declines overseas, as more worries about the spread of a virus outbreak in China and some weak earnings results put investors in a mood to sell. UPS sank after swinging to a loss in its latest quarter, and tobacco company Altria dropped after taking a $4.1 billion hit from legal costs related to its investment in the e-cigarette maker Juul. The S&P 500 fell 10 points, or 0.3%, to 3,262. The Dow Jones Industrial Average lost 61, or 0.2%, to 28,668, and the Nasdaq fell 10 points, or 0.1%, to 9,264.
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