US stocks open lower, in line with global declines

A currency trader gestures at the foreign exchange dealing room of the Korea Exchange Bank headquarters in Seoul, South Korea, Wednesday, Aug. 19, 2015. China’s main Shanghai stock index slumped more than 4 percent on Wednesday, leading Asian stock markets lower a day after a sharp fall rattled investors around the world. (AP Photo/Ahn Young-joon)
A currency trader gestures at the foreign exchange dealing room of the Korea Exchange Bank headquarters in Seoul, South Korea, Wednesday, Aug. 19, 2015. China’s main Shanghai stock index slumped more than 4 percent on Wednesday, leading Asian stock markets lower a day after a sharp fall rattled investors around the world. (AP Photo/Ahn Young-joon)

NEW YORK (AP) — U.S. stocks are opening lower as investors react to falling markets in Europe and Asia, and wait for clues about interest rates from the Federal Reserve.

The Dow Jones industrial average fell 152 points, or 0.9 percent, to 17,363 as of 9:35 a.m. Eastern time Wednesday. The Standard & Poor’s 500 index slipped 14 points, or 0.7 percent, to 2,082. The Nasdaq composite slid 33 points, or 0.7 percent, to 5,025.

Bond prices fell, pushing up the yield on the 10-year Treasury note to 2.22 percent.

Investors will be looking for indications of when the U.S. central bank will begin to raise rates for the first time in years when the Fed releases minutes from its July meeting later Wednesday.

WNCT-TV 9 On Your Side provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

blog comments powered by Disqus