Wall Street Opens Lower Amid U.S. China Trade Deal Concerns

Reuters reports that U.S. stocks opened lower on Monday following an unexpected fall in revenue by Citigroup. The decline adds to fears of a more drastic slowdown in global economic growth that resurfaced after evidence of an unexpected drop in China’s trade. The trade data from China served as a reinforcement for concerns over U.S. tariffs on Chinese goods impacting the world’s second-largest economy. The Dow Jones Industrial Average was down 132.35 points, while the S&P 500 was down 16.34 points.