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Empresas y finanzas

Wall St opens lower on commodities, Wal-Mart


    NEW YORK (Reuters) - U.S. stocks opened lower on Monday as a resurgent U.S. dollar drove a pullback in the price of oil and other commodities, while a broker downgrade hurt shares of Wal-Mart Stores Inc .

    Data showing that manufacturing in New York state shrank in June at a more severe rate than expected presented an additional headwind for stock investors eager for more signs that the end of the recession was nearer.

    The Dow Jones industrial average dropped 114.80 points, or 1.30 percent, to 8,684.46. The Standard & Poor's 500 Index dropped 12.24 points, or 1.29 percent, to 933.97. The Nasdaq Composite Index dropped 24.96 points, or 1.34 percent, to 1,833.84.

    (Reporting by Chuck Mikolajczak; Editing by Padraic Cassidy)