FILE - In this May 11, 2012 file photo, people stand in the lobby of JPMorgan Chase headquarters in New York. JPMorgan Chase reported a 55 percent jump in earnings for the last three months of 2012 as mortgage fees and other income surged. (AP Photo/Mark Lennihan, File)
Weak open on Wall Street; Boeing drops on 787 woes
Published: 02:47:08 PM, Wed 16 January 2013 UTC
NEW YORK (AP) — Stocks are opening lower on Wall Street after the World Bank said that ongoing budget fights in Washington pose a significant risk to the global economy.
Boeing dropped nearly 4 percent after Japan's two biggest airlines grounded all their 787 aircraft for safety checks after one was forced to make an emergency landing. It was the latest embarrassment for Boeing's new plane.
The Dow Jones industrial average fell 64 points to 13,470 shortly after the opening bell Wednesday. Boeing fell the most of the 30 stocks in the Dow.
The Standard & Poor's 500 index fell four points to 1,468. The Nasdaq composite gave up three points to 3,107.
Goldman Sachs rose 2 percent after the investment bank reported that its profits nearly tripled.
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