U.S. stocks opened lower Monday, declining amid concerns over an economic slowdown in China and a sign of manufacturing weakness in the U.S. economy. The Dow Jones Industrial Average (DOW:DJIA) and S&P 500 (S&P:SPX) were each trading down around 0.5% soon after the opening bell, while the Nasdaq Composite (NASDAQ:COMP) slid 0.3%, according to FactSet data, at last check. U.S. economic data released Monday showed the Federal Reserve Bank of New York's Empire State business conditions index, a gauge of the state's manufacturing activity, has plunged into negative territory this month. U.S. stocks booked gains last week, with the S&P 500 and Nasdaq notching their longest weekly win streak since November 2021.
Aug. 15, 2022, 9:33 a.m. EDT