Wall Street opens lower on trade worries, Hong Kong unrest

Wall Street opens lower on trade worries, Hong Kong unrest

Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., November 11, 2019. REUTERS/Brendan McDermid

(Reuters) – U.S. stocks slipped at open on Wednesday after President Donald Trump threatened to “substantially” raise tariffs if China did not strike a trade deal with the United States and on escalating tensions in Hong Kong.

The Dow Jones Industrial Average .DJI fell 69.45 points, or 0.25%, at the open to 27,622.04.

The S&P 500 .SPX opened lower by 7.66 points, or 0.25%, at 3,084.18. The Nasdaq Composite .IXIC dropped 31.07 points, or 0.37%, to 8,455.02 at the opening bell.

Reporting by Medha Singh in Bengaluru; Editing by Anil D’Silva

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