Stock lower on China, Greece worries

PALLAVI GOGOI AP Business Writer Published:

NEW YORK (AP) -- U.S. stocks are opening lower on worries over slowing economic growth in China and concern that a Greek bond exchange deal may not be going according to plan.

The Dow fell 35 points to 12,942 at the opening of trading.

The broader S&P 500 is down 4 at 1,365. The Nasdaq is down 8 points at 2,967.

On Monday, China's premier Wen Jiabao lowered the economy's growth target to 7.5 percent from 8 percent, where it has stood for years.

Further weighing on the market are worries that there aren't enough private investors participating in Greece's bond swap, which could worsen the European debt crisis. Results are due late Thursday.