You are here

US: Wall Street opens lower as China, rate worries weigh

doc72oz0rhbh4h17ez28dyl_doc72nzow41a511803m0792.jpg
US stocks opened lower on Friday, as a batch of weak Chinese data raised concerns about global growth a day after the Federal Reserve hinted at gradual tightening of borrowing costs.

[NEW YORK] US stocks opened lower on Friday, as a batch of weak Chinese data raised concerns about global growth a day after the Federal Reserve hinted at gradual tightening of borrowing costs.

The Dow Jones Industrial Average fell 42.11 points, or 0.16 per cent, at the open to 26,149.11. The S&P 500 opened lower by 12.73 points, or 0.45 per cent, at 2,794.10. The Nasdaq Composite dropped 62.37 points, or 0.83 per cent, to 7,468.51 at the opening bell.

REUTERS

sentifi.com

Market voices on: