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US: Wall St opens lower as oil prices slide

Wall Street was higher on Friday after weak GDP data raised expectations that the U.S. Federal Reserve would go slow on future interest rate hikes.

[NEW YORK] US stocks opened lower on Monday after crude oil prices resumed their slide as output from Iraq hit record levels.

The Dow Jones industrial average fell 49.2 points, or 0.31 per cent, to 16,044.31; the S&P 500 dropped 4.27 points, or 0.22 per cent, to 1,902.63 and the Nasdaq Composite index shed 16.41 points, or 0.36 per cent, to 4,574.77.