Wall Street opens lower as trade worries weigh

Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 16, 2019. REUTERS/Brendan McDermid

(Reuters) – U.S. stocks opened lower on Friday, following a three-day run of gains, as trade worries returned after Chinese media took a hard stance on the tariff dispute between the United States and China.

The Dow Jones Industrial Average fell 142.73 points, or 0.55%, at the open to 25,719.95. The S&P 500 opened lower by 17.72 points, or 0.62%, at 2,858.60. The Nasdaq Composite dropped 69.01 points, or 0.87%, to 7,829.03 at the opening bell.

Reporting by Sruthi Shankar in Bengaluru; Editing by Shounak Dasgupta

Our Standards:The Thomson Reuters Trust Principles.

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