Wall Street opens lower as trade worries weigh

Written by on May 17, 2019

Traders work on the floor at the NYSE in New York
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 16, 2019. REUTERS/Brendan McDermid

May 17, 2019

(Reuters) – U.S. stocks opened lower on Friday, following a three-day run of gains, as trade worries returned after Chinese media took a hard stance on the tariff dispute between the United States and China.

The Dow Jones Industrial Average fell 142.73 points, or 0.55%, at the open to 25,719.95. The S&P 500 opened lower by 17.72 points, or 0.62%, at 2,858.60. The Nasdaq Composite dropped 69.01 points, or 0.87%, to 7,829.03 at the opening bell.

(Reporting by Sruthi Shankar in Bengaluru; Editing by Shounak Dasgupta)

Source: OANN

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