NEW YORK: US stocks slid at the open on Wednesday, May 5 as continued jitters about Greece's sovereign debt crisis and its potential to spread overshadowed data showing jobs growth in the U.S. private sector.
Rating agency Moody's said it was reviewing Portugal's key rating for a possible downgrade.
The Dow Jones industrial average lost 89.79 points, or 0.82 percent, to 10,836.98. The Standard & Poor's 500 Index fell 12.88 points, or 1.10 percent, to 1,160.72. The Nasdaq Composite Index dropped 37.90 points, or 1.56 percent, to 2,386.35.
Meanwhile, light crude oil prices fell 4% to trade under $80 a barrel on Wednesday, as the dollar rallied sharply against the euro on worries over euro-zone debt, rising violence in Greece and expectations of a gain in crude inventories. - Agencies
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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