US: Stocks open sharply lower as oil prices plunge

PHOTO: REUTERS

DEC 11, 201510:45 PM

[BENGALURU] Wall Street opened sharply lower on Friday as crude oil prices plumbed levels not seen in seven years on growing oversupply concerns.

The Dow Jones industrial average fell 175.25 points, or 1 per cent, to 17,399.5, the S&P 500 lost 18.17 points, or 0.89 per cent, to 2,034.06 and the Nasdaq composite dropped 64.40 points, or 1.28 per cent, to 4,980.77.

REUTERS