US stocks open lower, following declines in Europe

AP News
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Posted: Oct 07, 2014 9:38 AM

NEW YORK (AP) — U.S. stock indexes are following other global markets lower in early trading.

European stocks fell after Germany reported the biggest monthly drop in industrial production in five years. Asian markets mostly fell after the World Bank trimmed its Asian growth forecast.

The Dow Jones industrial average fell 132 points, or 0.8 percent, to 16,858 as of 9:35 a.m. Eastern time Tuesday.

The Standard and Poor's 500 index fell 15 points, or 0.8 percent, to 1,949. The Nasdaq composite fell 37 points, or 0.8 percent, to 4,417.

U.S. government bond prices rose. The yield on the 10-year Treasury note fell to 2.38 percent.