Business Standard

Wall Street opens lower amid Hong Kong tension

Investors are monitoring the continued civil unrest in Hong Kong for any potential impact on Chinese growth

A Wall Street sign is pictured in the rain outside the New York Stock Exchange in New York.

Reuters New York

US stocks opened lower on Monday, extending the previous week's decline as investors monitored the continued civil unrest in Hong Kong for any potential impact on Chinese growth.

The Dow Jones industrial average fell 170.24 points, or 0.99 percent, to 16,942.91, the S&P 500 lost 18.25 points, or 0.92 percent, to 1,964.6 and the Nasdaq Composite dropped 45.45 points, or 1.01 percent, to 4,466.75.

The CBOE Volatility index, a measure of investor anxiety, jumped 14 percent to 16.95, its highest level since Aug 8.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 29 2014 | 7:12 PM IST

Explore News