Wall Street dips at open on weak Chinese data; tariff deadline looms

Wall Street dips at open on weak Chinese data; tariff deadline looms

FILE PHOTO: Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., December 5, 2019. REUTERS/Lucas Jackson

(Reuters) – U.S. stocks opened slightly lower on Monday, as weak data from China rekindled fears of a slowdown in the world’s second-biggest economy, while investors looked for any positive news on trade talks ahead of a tariff deadline later in the week.

The Dow Jones Industrial Average .DJI fell 28.01 points, or 0.10%, at the open to 27,987.05. The S&P 500 .SPX opened lower by 4.05 points, or 0.13%, at 3,141.86. The Nasdaq Composite .IXIC dropped 5.67 points, or 0.07%, to 8,650.86 at the opening bell.

Reporting by Shreyashi Sanyal in Bengaluru; Editing by Anil D’Silva

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