NEW YORK (AP) – U.S. stocks are opening lower as China’s currency steadied and Greece’s bailout cleared another big hurdle.
The Dow Jones industrial average fell 124 points, or 0.7 percent, to 17,351 as of 9:40 a.m. Eastern time Monday.
The Standard & Poor’s 500 index slipped 11 points, or 0.6 percent, to 2,079. The Nasdaq composite fell 21 points, or 0.4 percent, to 5,027.
In U.S. government bond trading, prices rose, pushing down the yield on the 10-year Treasury note to 2.16 percent.