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(Reuters) – U.S. stocks dropped at open on Monday as rising tensions between Western powers and Saudi Arabia added to worries over rising borrowing costs and the impact of tariffs following the three indexes’ biggest weekly declines in over seven months.
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 12, 2018. REUTERS/Brendan McDermid
The Dow Jones Industrial Average .DJI fell 7.53 points, or 0.03 percent, at the open to 25,332.46. The S&P 500 .SPX opened lower by 3.30 points, or 0.12 percent, at 2,763.83. The Nasdaq Composite .IXIC dropped 23.57 points, or 0.31 percent, to 7,473.33 at the opening bell.
Reporting by Medha Singh in Bengaluru; Editing by Shounak Dasgupta
Our Standards:The Thomson Reuters Trust Principles.
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