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US stocks fall on weak Chinese economic data

New York - US stocks opened lower on Wednesday, retreating for a second straight day on concerns about China following disappointing data from the world's second-biggest economy.

Five minutes into trade, the Dow Jones Industrial Average stood at 17 212.87, down 189.97 points.

The broad-based S&P 500 dropped 0.94% to 2 064.42, while the tech-rich Nasdaq Composite Index fell 1.05% to 4 983.90

Chinese data released on Wednesday all came in below expectations.

READ: China July steel output falls 4.6%

Industrial production rose 6.0%, below the median forecast for a 6.6% rise. Chinese retail sales and fixed asset investment also lagged analyst forecasts.

The Chinese data "compounded the negative investor sentiment" after Tuesday's surprise devaluation of the yuan pressured US stocks, said Patrick O'Hare, analyst at Briefing.com.

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