Australia stocks lower following continued market rout on Wall Street

CNBC -

CNBC—Stocks on Wall Street continued to fall for the second day, with the Dow Jones Industrial Average dropping by more than 500 points and the S&P 500 closing below its 200-day moving average.

Markets Right Now: Stocks open lower on Wall Street. The latest on developments in financial markets (all times local): 9:35 a.m. Stocks are opening broadly lower on Wall Street led by drops in technology and industrial companies. Microsoft lost 1.4 percent in early trading Wednesday and 3M gave up 1.6 percent. Sears Holdings...