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Wall Street opens lower, yen drops

The US stocks - Dow Jones industrial average opens 32.75 points lower at 13,635.36.

business Updated: Jun 04, 2007 22:23 IST

US stocks opened lower on Monday as investors booked profits from shares that have helped propel equities to records, while another sharp fall in Chinese stocks fueled some concerns, tempering optimism from another wave of takeovers.



The Dow Jones industrial average was down 32.75 points, or 0.24 per cent, at 13,635.36. The Standard & Poor's 500 index was down 2.96 points, or 0.19 per cent, at 1,533.38. The Nasdaq composite index was down 5.39 points, or 0.21 per cent, at 2,608.53.