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Devils Lake Journal - Devils Lake, ND
  • US stocks open lower as China scrambles

  • (AP)  - U.S. stocks are down in early trading on expectations for weak economic data in the U.S. and China.



     


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  • (AP)  - U.S. stocks are down in early trading on expectations for weak economic data in the U.S. and China.
    Shortly after the opening bell, the Dow Jones industrial average is down 51 points at 12,410. The Standard & Poor's 500 index is down five points at 1,310, and the Nasdaq composite is down 12 points at 2,819.
    The Dow has risen for the last three days. But investors have their eyes on new monthly trade and industrial data due out this weekend in China, which could come in even weaker than analysts are forecasting.
    The Chinese government cut interest rates for the first time in four years and has also reduced gasoline and diesel prices. Those are signs that its leaders feel more urgency ahead of the reports.
     

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