US stocks open lower on weak German data

Written By Unknown on Selasa, 15 Januari 2013 | 23.59

US stocks have opened lower following a disappointing German report on growth.

Five minutes into the trade, the Dow Jones Industrial Average was down 40.97 points (0.3 per cent) to 13,465.35.

The broad-based S&P 500 lost 6.22 points (0.4 per cent) to 1464.46.

The Nasdaq Composite fell 19.09 points to 3098.4141.

The declines followed a fourth-quarter contraction in Germany of 0.5 per cent, said Briefing.com. The results mean full-year registered growth of 0.7 per cent instead of the consensus expectation for 0.8 per cent, Briefing said.


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