US stocks drop as Volkswagen weighs on automakers
Shares in automakers suffered following the Volkswagen emissions scandal
New York - AFP
US stocks tumbled in opening trade Tuesday, following European markets sharply lower as the Volkswagen emissions scandal hit shares of major automakers.
Five minutes into trade, the Dow Jones Industrial Average was at 16,291.64, down 218.55 points (1.32 percent).
The broad-based S&P 500 fell 25.71 (1.31 percent) to 1,941.26, while the tech-rich Nasdaq Composite Index dropped 68.06 (1.41 percent) to 4,760.90
Leading European bourses, including Paris and Frankfurt, were down more than three percent as sentiment was dented by the snowballing scandal over Volkswagen's clean-air cheating device in its diesel cars.
General Motors fell 3.2 percent and Ford 2.9 percent.
GMT 12:01 2018 Tuesday ,23 January
Bahrain Bourse daily trading performanceGMT 19:16 2018 Monday ,22 January
TRA responds to hoax Dh5,000 VPN fine SMSGMT 13:09 2018 Sunday ,21 January
Bahrain Bourse daily trading performanceGMT 13:50 2018 Friday ,19 January
US SEC says bitcoin funds raise ‘investor protection issues’GMT 06:50 2018 Friday ,19 January
European stocks mostly advance on bright global outlookGMT 09:12 2018 Thursday ,18 January
European stock markets join global downtrendGMT 17:06 2018 Wednesday ,17 January
China temporarily waives taxes to get foreign firms to stayGMT 17:01 2018 Wednesday ,17 January
JPMorgan Chase earnings drop on weak trading, tax items
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 10:18 2016 Wednesday ,23 March
cartoon seven
GMT 09:58 2016 Wednesday ,23 March
cartoon four
GMT 13:32 2017 Sunday ,15 January
South Korea prosecutors to decide MondayGMT 14:04 2012 Tuesday ,04 December
Hotel maid expected in court over Strauss-Kahn assault
GMT 17:18 2017 Sunday ,13 August
Mustafa stars as One Stop Tourism clinch SharjahGMT 08:52 2013 Friday ,15 March
Cheb Khaled tops best French song list
GMT 10:55 2014 Wednesday ,10 September
Alexanderia university not to be scene of political battles
GMT 18:53 2016 Saturday ,16 April
Lithuanian basketball federation plays down fears of missing Eurobasket 2017
GMT 02:23 2013 Monday ,17 June
Facebook reveals details of US data requests
GMT 10:44 2017 Saturday ,01 July
Bolt to make European bow in farewell season
GMT 15:17 2017 Sunday ,05 March
Dutchman who came to Canada as infant faces expulsion
GMT 15:23 2017 Friday ,23 June
Special radars on these UAE roads for Eid Al Fitr
GMT 14:53 2017 Wednesday ,08 November
Here's a viable option for cost-conscious buyers
GMT 03:56 2017 Monday ,10 July
Dubai Airports has the fastest free Wi-Fi in the world
GMT 03:53 2015 Sunday ,20 September
Queen of romance novels Jackie Collins dies of cancerGMT 14:11 2011 Friday ,05 August
Prison diary shock: alleged gun baron reveals “truth”
GMT 04:15 2013 Tuesday ,06 August
Art Abu Dhabi: a capital show that builds on previous years
GMT 07:51 2015 Wednesday ,29 April
'An American in Paris' sweeps Broadway award nominations
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor