US Stocks Fall On Weakening Japanese Economy

By: AP
By: AP

U.S. stocks are opening lower after the latest signs of slower growth in Asia.

Japan said Monday that its economy had an annual growth rate of 1.4 percent, which is weaker than analysts had expected. That piles on news Friday that China's exports and retail sales dove in July.

Most Asian markets closed lower. European shares were mixed, with many traders betting that the world's central banks will unveil new measures to prop up the global economy.

The Dow Jones industrial average is down 36 points at 13,171 in the first five minutes of trading. The Standard & Poor's 500 index is down four at 1,402. The Nasdaq composite average is down four at 3,017.

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