US: Wall Street opens lower ahead of July factory activity data

US stock indexes opened lower on Monday (Aug 1) following a strong rally last week on earnings optimism, with investors awaiting a factory activity data after similar surveys from China and the Eurozone fuelled recession worries.

The Dow Jones Industrial Average fell 89.42 points, or 0.27 per cent, at the open to 32,755.71.

The S&P 500 opened lower by 17.91 points, or 0.43 per cent, at 4,112.38, while the Nasdaq Composite dropped 72.73 points, or 0.59 per cent, to 12,317.96 at the opening bell. REUTERS