(Reuters) - Wall Street opened sharply lower on Tuesday as disappointing earnings from industrial bellwethers Caterpillar and 3M piled on to concerns over Saudi Arabia’s diplomatic isolation, Italy’s finances and trade war fears.
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 22, 2018. REUTERS/Brendan McDermid
The Dow Jones Industrial Average .DJI fell 278.95 points, or 1.10 percent, at the open to 25,038.46.
The S&P 500 .SPX opened lower by 34.85 points, or 1.26 percent, at 2,721.03. The Nasdaq Composite .IXIC dropped 140.08 points, or 1.88 percent, to 7,328.55 at the opening bell.
Reporting by Amy Caren Daniel in Bengaluru; Editing by Shounak Dasgupta
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