Business

Wall Street falls as U.S.-China trade spat intensifies

(Reuters) – U.S. stocks fell at the open on Monday as a trade dispute between the United States and China intensified following Beijing’s retaliation to tariffs imposed by President Donald Trump.

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S. June 13, 2018. REUTERS/Brendan McDermid

The Dow Jones Industrial Average fell 208.44 points, or 0.83 percent, at the open to 24,882.04. The S&P 500 opened lower by 18.55 points, or 0.68 percent, at 2,761.11. The Nasdaq Composite dropped 53.82 points, or 0.69 percent, to 7,692.55 at the opening bell.

Reporting By Aparajita Saxena in Bengaluru

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