Wall Street Slips at Open as Weak China Data Sparks Slowdown Fears

Wall Street Slips at Open as Weak China Data Sparks Slowdown Fears
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on June 22, 2022. (Brendan McDermid/Reuters)
Reuters
8/15/2022
Updated:
8/15/2022

Wall Street’s main indexes opened lower on Monday, mirroring global markets, after weak economic data from China rekindled fears of an economic slowdown in the world’s second-largest economy.

The Dow Jones Industrial Average fell 50.35 points, or 0.15 percent, at the open to 33,710.70.

The S&P 500 opened lower by 10.78 points, or 0.25 percent, at 4,269.37, while the Nasdaq Composite dropped 50.56 points, or 0.39 percent, to 12,996.63 at the opening bell.