Wall Street opens lower as China, rate worries weigh

U.S. 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 <.DJI> fell 42.11 points, or 0.16 percent, at the open to 26,149.11. The S&P 500 <.SPX> opened lower by 12.73 points, or 0.45 percent, at 2,794.10. The Nasdaq Composite <.IXIC> dropped 62.37 points, or 0.83 percent, to 7,468.51 at the opening bell.

(Reporting by Sruthi Shankar in Bengaluru; Editing by Arun Koyyur)

11/09/2018 9:36

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