NEW YORK (AP) — U.S. stock indexes are opening lower on worries about global economic growth.
A survey showed manufacturing showing in China, a day after the U.S. government lowered its estimate of third-quarter growth.
The Labor Department said more people applied for unemployment benefits last week than economists had expected. Consumer spending last month was also was weaker than Wall Street estimated. Orders for long-lasting manufactured goods also fell for the second straight month.
The Dow Jones industrial average was down 127 points, or 1.1 percent, at 11,366 shortly after the opening bell Wednesday.
The Standard & Poor’s 500 index fell 14, or 1.2 percent, to 1.173. The Nasdaq composite index fell 27 points, or 1.1 percent, to 2,494.