Wall Street opens lower as tech stocks slide – business live

Rolling coverage of the latest economic and financial news

Earlier:

3.25pm BST

Just in: US factory orders jumped by 1.1% in March, underlining how the American economy is strengthening.

That’s up from a 0.5% fall in February, and means that new orders for manufactured goods have risen for 10 of the last 11 months.

Factory Orders at multi year high (ignoring the Boeing spike in 2014). pic.twitter.com/qtw9c5jFSO

3.18pm BST

The Nasdaq is down 2%.

The latest on today’s stock volatility ➡️ https://t.co/pmYDzZUiwa pic.twitter.com/MZyce4vTfL

Nasdaq down a quick 4% from its open last Thursday (4/29). $QQQ

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Source: theguardian
Wall Street opens lower as tech stocks slide – business live