U.S. Stocks Open Sharply Lower; Dow Drops Triple Digits

By Anora MahmudovaMarketWatch Pulse

U.S. stocks opened lower after global equities sold off following an 8.5% drop in China's stock market. Investors fretted that plunging stock prices in China would have a spill-over effect on global risk assests. The S&P 500 opened 14 points, or 0.7%, lower at 2065. The Nasdaq Composite was down 51 points, or 1%, to 5,036. The Dow Jones Industrial Average began the day down 146 points, or 0.8%, to 17,420.

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