US: Wall St starts 2016 in the red after China rout

US stocks opened sharply lower on the first trading day of 2016 after lackluster Chinese economic data rekindled worries of slowing global growth. 

PHOTO: REUTERS

JAN 4, 201610:50 PM

[NEW YORK] US stocks opened sharply lower on the first trading day of 2016 after lackluster Chinese economic data rekindled worries of slowing global growth.

The Dow Jones industrial average fell 190.14 points, or 1.09 per cent, to 17,234.89, the S&P 500 lost 23.48 points, or 1.15 per cent, to 2,020.46 and the Nasdaq Composite index dropped 111.48 points, or 2.23 per cent, to 4,895.93.

REUTERS