Wall Street opens lower on trade war fallout concerns

Business

U.S. stock futures fell on Tuesday as investors worried over a hit to earnings from the prolonged U.S.-China trade war and receding hopes of a sharp rate cut by the Federal Reserve later this month.

Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 1, 2019. REUTERS/Brendan McDermid 09 Jul 2019 08:00PM(Updated: 09 Jul 2019 09:46PM) Share this content

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REUTERS: U.S. stocks opened lower on Tuesday, weighed down by worries over the impact of a protracted U.S.-China trade spat on company earnings and lowered expectations of a sharp interest rate cut later this month.

The Dow Jones Industrial Average fell 81.02 points, or 0.30per cent, at the open to 26,725.12.

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The S&P 500 opened lower by 10.43 points, or 0.35per cent, at 2,965.52. The Nasdaq Composite dropped 36.97 points, or 0.46per cent, to 8,061.41 at the opening bell.

(Reporting by Amy Caren Daniel in Bengaluru; Editing by Sriraj Kalluvila)

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