Wall Street opens lower as China, rate worries weigh

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., November 8, 2018. REUTERS/Brendan McDermid

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 Dow Jones Industrial Average .DJI fell 42.11 points, or 0.16 percent, at the open to 26,149.11. The S&P 500 .SPX opened lower by 12.73 points, or 0.45 percent, at 2,794.10. The Nasdaq Composite .IXIC dropped 62.37 points, or 0.83 percent, to 7,468.51 at the opening bell.

Reporting by Sruthi Shankar in Bengaluru; Editing by Arun Koyyur

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