US stocks opened sharply lower on Monday, extending recent weakness after the worst weekly decline for the S&P 500 in two months, on concerns the US Federal Reserve's stimulus may be drawing to a close and that a cash crunch in China could further slow growth.
The Dow Jones industrial average was down 125.20 points, or 0.85 per cent, at 14,674.20. The Standard & Poor's 500 Index was down 16.14 points, or 1.01 per cent, at 1,576.29. The Nasdaq Composite Index was down 36.93 points, or 1.10 per cent, at 3,320.31.
Wall Street opens lower on Fed, China worries
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Oleh
Lanka Stocks
