US stocks sink on jitters over North Korea, China weakness

US stocks sink on jitters over North Korea, China weakness


10 photos
Save Story
Leer en español

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

NEW YORK (AP) — U.S. stocks are opening lower as investors fret about signs of belligerence in North Korea and more weakening of China's economy.

Markets were already lower in Asia and Europe by the time trading began in the U.S. after North Korea claimed to have conducted a test of a hydrogen bomb.

Oil prices fell sharply after China reported that its service sector continued to weaken. That could mean lower demand for energy in the world's second-largest economy.

The Dow Jones industrial average dropped 229 points, or 1.4 percent, to 16,930 as of 9:35 a.m. Eastern time.

The Standard & Poor's 500 index lost 25 points, or 1.3 percent, to 1,992. The Nasdaq gave up 60 points, or 1.3 percent, to 4,830.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.19 percent.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Photos

Most recent Business stories

Related topics

Business
The Associated Press

    STAY IN THE KNOW

    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast