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US stocks open lower as China fails to halt market slide
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US stocks open lower as China fails to halt market slide

A man walks past a screen showing the Hong Kong share index at a brokerage firm in Hong Kong, Wednesday, July 8, 2015. The Hang Seng Index has dropped in morning trading following more big losses on mainland markets. Chinese stocks led a slump in Asian markets on Wednesday as the sell-off in Shanghai intensified and Greece's future in the euro remained highly uncertain. (AP Photo/Kin Cheung)

NEW YORK (AP) — U.S. stocks are opening lower as investors worry about China’s ability to stem a stock market slide there.

The Dow Jones industrial average declined 132 points, or 0.7 percent, to 17,649 as of 9:35 a.m. Eastern time.

The Standard & Poor’s 500 gave up 13 points, or 0.6 percent, to 2,068. The Nasdaq fell 32 points, or 0.7 percent, to 4,965.

Stocks fell 6 percent in Shanghai despite the Chinese government’s latest efforts to shore up the market. Chinese stocks have plunged in the last month but are still up 70 percent over the past year.

European markets were broadly higher as talks continue on Greece’s debt woes.

United Continental lost 1.5 percent after grounding all of its flights in the U.S. due to computer problems.

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