You are here

US: Wall St opens lower as China weakens currency

US stocks fell in opening trade Monday, kicking off a week that includes earnings from Wal-Mart Stores and the release of Federal Reserve meeting minutes.

[NEW YORK] US stocks opened lower on Tuesday after China's surprise devaluation of the yuan increased unease about the health of the world's second-largest economy and pushed the dollar higher.

At 9:31 am EDT the Dow Jones industrial average was down 102.56 points, or 0.58 per cent, at 17,512.61. The S&P 500 was down 10.49 points, or 0.5 per cent, at 2,093.69 and the Nasdaq composite was down 30.64 points, or 0.6 per cent, at 5,071.16.


BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to