NEW YORK, June 25 (Xinhua) -- U.S. stocks opened lower on Monday as investors were still concerned over trade tensions between Washington and its major trade partners.
Shortly after the opening bell, the Dow Jones Industrial Average declined 160.08 points, or 0.65 percent, to 24,420.81. The S&P 500 was down 14.80 points, or 0.54 percent, to 2,740.08. The Nasdaq Composite Index decreased 63.40 points, or 0.82 percent, to 7,629.41.
Investors grew increasingly concerned that the global economy could take a hit from the tensions between the world's largest economy and its key partners, experts said.
The Chicago Fed National Activity Index (CFNAI) was -0.15 in May, down from +0.42 in April, indicating slower economic growth in May, according to the Federal Reserve Bank of Chicago Monday.
The CFNAI is a monthly index designed to gauge overall economic activity and related inflationary pressure. A zero value CFNAI indicates the national economy expanding at its average historical trend rate of growth, negative values indicate below average growth, and positive values above average growth.
