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Wall St opens slightly down, but Intel up

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Reuters NEW YORK
Last Updated : Aug 19 2013 | 7:15 PM IST

NEW YORK (Reuters) - U.S. stocks opened slightly lower on Monday, after the Dow industrials' largest weekly drop in more than a year, as traders positioned for an expected move from the Federal Reserve to scale back its economic stimulus.

Losses in the Nasdaq were limited by a 1.1 percent increase in Intel Corp , which rose to $22.13.

The Dow Jones industrial average was down 28.56 points, or 0.19 percent, at 15,052.91. The Standard & Poor's 500 Index was down 2.98 points, or 0.18 percent, at 1,652.85. The Nasdaq Composite Index was down 0.74 points, or 0.02 percent, at 3,602.04.

(Reporting by Ryan Vlastelica; Editing by Nick Zieminski)

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First Published: Aug 19 2013 | 7:07 PM IST

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