US stocks open sharply lower on worsening economic outlook

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Wall Street stocks resumed their downward slide early Wednesday as the economic toll mounts from the rapid near-shutdown of key industrial and services sectors.

About five minutes into trading, the Dow Jones Industrial Average stood at 20,102.12, down more than 1,100 points or 5.4 percent.

The broad-based S&P 500 slumped 4.9 percent to 2,404.96, while the tech-rich Nasdaq Composite Index tumbled 4.5 percent to 7 003.31.

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Rand - Dollar
14.85
-0.0%
Rand - Pound
20.42
-0.0%
Rand - Euro
17.48
-0.0%
Rand - Aus dollar
10.94
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Rand - Yen
0.13
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25.18
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Resource 10
66,904
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Industrial 25
89,442
+0.7%
Financial 15
12,820
+1.0%
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