Stocks open lower on more signs of China weakness; Crude oil edges higher

Markets Associated Press

The stock market is opening lower following more signs of weakness in China's economy and disappointing U.S. retail sales over Thanksgiving weekend.

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The Dow Jones industrial average fell 59 points, or 0.3 percent, to 17,775 as of 9:35 a.m. Eastern time Monday.

The Standard & Poor's 500 index fell nine points, or 0.4 percent, to 2,058. The Nasdaq composite fell 16 points, or 0.3 percent, to 4,775.

U.S. benchmark crude edged up 78 cents to $66.96 a barrel after falling more than 10 percent Friday. That drop helped push the Russian ruble down nearly 5 percent against the dollar. Russia's economy is heavily dependent on oil revenue.

Government bond prices were flat. The yield on the 10-year Treasury note held steady at 2.16 percent.