National News

Jan 16, 2013 9:51 AM by Associated Press

Weak open on Wall Street; Boeing drops on 787 woes

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.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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