Wall Street opens lower ahead of July factory activity data

2022.08.01 16:58

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 27, 2022. REUTERS/Brendan McDermid

(Reuters) – U.S. stock indexes opened lower on Monday following a strong rally last week on earnings optimism, with investors awaiting a factory activity data after similar surveys from China and the Eurozone fueled recession worries.

The Dow Jones Industrial Average fell 89.42 points, or 0.27%, at the open to 32,755.71. The S&P 500 opened lower by 17.91 points, or 0.43%, at 4,112.38, while the Nasdaq Composite dropped 72.73 points, or 0.59%, to 12,317.96 at the opening bell.

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