Back to the Red: Market Has a Brutal Opening

Dow was down more than 400 points early
By Newser Editors and Wire Services
Posted Dec 27, 2018 9:45 AM CST
A headline appears on a television screen on the floor of the New York Stock Exchange on Wednesday.   (AP Photo/Richard Drew)

(Newser) – Wall Street's wild Christmas week rolls on. The Dow Jones Industrial Average fell more than 430 points in the first hour of trading Thursday, a day after notching its biggest-ever one-day point gain. Technology companies, health care stocks, and banks, all big gainers on Wednesday when the market had its best day in 10 years, accounted for much of the broad slide, per the AP. Energy stocks also fell as the price of US crude oil slid 1.5% a day after posting its biggest increase in two years. At 10:30am, the S&P 500 index had fallen 41 points, or 1.7%, to 2,426; the Dow was down 387 points, or 1.7%, to 22,492; and the tech-heavy Nasdaq was down 135 points, or 2%, to 6,419.

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