Summary About 15 minutes into trade, the Dow Jones Industrial Average was down 156.94 points
NEW YORK (AFP) - US stocks fell in opening trade Monday, after surviving last week s extreme China-driven turmoil with net gains.
About 15 minutes into trade, the Dow Jones Industrial Average was down 156.94 points (0.94 percent) at 16,486.07.
The broader S&P 500 lost 15.03 points (0.76 percent) at 1,973.84, and the Nasdaq Composite gave up 23.58 (0.49) percent at 4,804.74.
Nervousness still pervaded Wall Street after last week s roller-coaster trade, and as some analysts continued to argue that US equities are generally overvalued.
Among the 30 Dow blue chips, only Intel (+0.14 percent) and UnitedHealth (+ 0.23 percent) managed gains; United Technologies led the losers column with a 2.5 percent loss after Barclays analysts downgraded the stock.
ExxonMobil (-2.2 percent) and Chevron (-1.0 percent) led a pullback in oil industry shares after crude prices gave up some of their sharp gains last week.
Among gainers, Twitter, who shares have sunk over the past month, advanced 3.0 percent.
