Wall Street opens lower on fresh China worries

Traders work on the floor at the NYSE in New York
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 18, 2019. REUTERS/Brendan McDermid

October 16, 2019

(Reuters) – U.S. stocks opened lower Wednesday, as legislation targeting the Hong Kong protests stoked fears of more friction with China, even as another batch of positive earnings reports underscored a solid start to third-quarter results.

The Dow Jones Industrial Average <.DJI> fell 52.49 points, or 0.19%, at the open to 26,972.31.

The S&P 500 <.SPX> opened lower by 6.00 points, or 0.20%, at 2,989.68. The Nasdaq Composite <.IXIC> dropped 28.90 points, or 0.35%, to 8,119.81 at the opening bell.

(Reporting by Shreyashi Sanyal in Bengaluru; Editing by Sriraj Kalluvila)

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