Stocks open lower, further erasing summer gains | Company

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NEW YORK (AP) — Stocks are opening lower again on Wall Street, continuing an area of ​​weakness that wiped out much of the market’s gains in July and early August. The S&P 500 was down around 0.5% at the start of Thursday. The Nasdaq fell a little more, with technology companies taking some of the biggest losses. Nvidia fell after the chipmaker said the US government imposed new licensing requirements on its sales to China. The price of oil fell again amid fears the economy could slow. The benchmark US crude price has just completed its third month of decline.

THIS IS A BREAKING NEWS UPDATE. AP’s previous story follows below.

NEW YORK (AP) — Wall Street was poised to open trading with more losses Thursday as investors braced for higher interest rates and inflation concerns for the foreseeable future.

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