Wall Street falls at open on global growth worries

FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 28, 2019. REUTERS/Brendan McDermid/File Photo

(Reuters) – U.S. stocks opened lower on Thursday as worries over a global slowdown were rekindled after the European Union cut its economic growth forecasts, while a slew of dismal quarterly reports also added to woes.

The Dow Jones Industrial Average fell 124.49 points, or 0.49 percent, at the open to 25,265.81.

The S&P 500 opened lower by 14.08 points, or 0.52 percent, at 2,717.53. The Nasdaq Composite dropped 58.78 points, or 0.80 percent, to 7,316.50 at the opening bell.

Reporting by Medha Singh in Bengaluru; Editing by Shounak Dasgupta

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