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Wall Street opens lower as stimulus hopes dim

Expectations were dampened for further stimulus from the Federal Reserve

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Reuters New York

U.S. stocks opened lower on Thursday as expectations were dampened for further stimulus from the Federal Reserve and overseas data pointed to a slowing global economy.

The Dow Jones industrial average was down 42.74 points, or 0.32 percent, at 13,130.02. The Standard & Poor's 500 Index was down 4.57 points, or 0.32 percent, at 1,408.92. The Nasdaq Composite Index was down 12.25 points, or 0.40 percent, at 3,061.42.

 

 

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First Published: Aug 23 2012 | 7:17 PM IST

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