Wall Street Opens Lower Ahead of July Factory Activity Data

U.S. stock indexes opened lower on Monday following a strong rally last week on earnings optimism, with investors awaiting factory activity data after similar surveys from China and the Eurozone fueled recession worries.

The Dow Jones Industrial Average fell 89.42 points, or 0.27 percent, at the open to 32,755.71. The S&P 500 opened lower by 17.91 points, or 0.43 percent, at 4,112.38, while the Nasdaq Composite dropped 72.73 points, or 0.59 percent, to 12,317.96 at the opening bell.

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