Wall St opens lower on slowing China growth, inflation worries

FAN Editor
FILE PHOTO: FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) shortly after the opening bell of trading session in New York
FILE PHOTO: Traders work on the main trading floor of the New York Stock Exchange shortly after the opening bell of the trading session in the Manhattan borough of New York City, January 7, 2016. REUTERS/Brendan McDermid

October 18, 2021

(Reuters) – Wall Street’s main indexes opened lower on Monday as economic growth in China slowed, while a relentless surge in oil prices fueled concerns about elevated inflation.

The Dow Jones Industrial Average fell 73.74 points, or 0.21%, at the open to 35,221.02. The S&P 500 opened lower by 7.65 points, or 0.17%, at 4,463.72, while the Nasdaq Composite dropped 57.60 points, or 0.39%, to 14,839.74 at the opening bell.

(Reporting by Devik Jain in Bengaluru; Editing by Arun Koyyur)

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