Wall Street opens lower as investors fret over rates

(Reuters) - U.S. stocks opened lower on Monday, deepening Friday's wounds, as investors fretted over the possibility of an interest rate hike as early as next week.

The Dow Jones Industrial Average <.DJI> was down 88.62 points, or 0.49 percent, at 17,996.83.

The S&P 500 <.SPX> was down 8.43 points, or 0.4 percent, at 2,119.38.

The Nasdaq Composite <.IXIC> was down 27.74 points, or 0.54 percent, at 5,098.17.

(Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Savio D'Souza)