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Wall Street Opens Lower As China Pushes Yuan Lower Again

Source: thewillnigeria.com
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U.S. stocks opened lower for a second day in a row on Wednesday as China weakened its currency further, increasing worries about a global economic slowdown.

The Dow Jones industrial average .DJI fell 146.51 points, or 0.84 percent, to 17,256.33. The S&P 500 .SPX lost 16.39 points, or 0.79 percent, to 2,067.68 and the Nasdaq composite .IXIC dropped 44.77 points, or 0.89 percent, to 4,992.02.

REUTERS