US stocks open in the red: Dow slips 1.5%, Nasdaq slips over 2%

US stocks declined in early trading on Wednesday after data showed the economy contracted in the first quarter, with President Donald Trump’s policy shifts, particularly on trade, weighing on business confidence. The Dow Jones Industrial Average dropped 615 points, or 1.47%. The S&P 500 fell around 2%, while the Nasdaq Composite lost 2.4%. The Commerce […]