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Wall Street opens lower on economic concerns, trade war fears

FILE PHOTO: The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, U.S., April 26, 2020. (REUTERS/Jeenah Moon)

BY AMBAR WARRICK AND MEDHA SINGH

 U.S. stocks opened lower on Thursday as investors grappled with the possibility of prolonged economic weakness due to the coronavirus outbreak, while the threat of a renewed Sino-U.S. trade war also added pressure.

The Dow Jones Industrial Average fell 198.91 points, or 0.86%, at the open to 23,049.06.

The S&P 500 opened lower by 28.49 points, or 1.01%, at 2,791.51. The Nasdaq Composite dropped 75.12 points, or 0.85%, to 8,788.04 at the opening bell.

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