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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 fell 42.11 points, or 0.16 percent, at the open to 26,149.11. The opened lower by 12.73 points, or 0.45 percent, at 2,794.10. The Composite dropped 62.37 points, or 0.83 percent, to 7,468.51 at the opening bell.

(Reporting by in Bengaluru; Editing by Arun Koyyur)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, November 09 2018. 20:07 IST