Wall Street opens with sharp losses

Takeover talk buoyed medical devices firm Smith & Nephew today, but the wider market remained in the red as Wall Street opened with sharp losses.

Wall Street opens with sharp losses
Mon, 10 Jan, 2011 - 16:02

Takeover talk buoyed medical devices firm Smith & Nephew today, but the wider market remained in the red as Wall Street opened with sharp losses.

The Dow Jones Industrial Average fell more than 70 points soon after opening, mirroring declines across the UK and Europe amid renewed sovereign debt fears and concerns over demand in China.

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