US stocks open flat ahead of Q2 business results season

US stocks open flat on the first day of the week as markets await the release of the second-quarter corporate business results, mostly starting with banks' results.

Market worries about the global economy rose after government data showed China's GDP grew by only 6.2 percent, the slowest since 1992.

This coincides with continuing concerns about the US-China trade war and the prospects for stalled negotiations between the two countries.

News agencies today revealed that US President Donald Trump intends to dismiss the US Secretary of Commerce Wilbur Ross because of failing to add the citizenship question to the census.

In terms of trade, by 14:53 GMT, Dow Jones fell by 0.1% to 27,327 points, Nasdaq rose 1 point to 8,245 points, while Standard & Poor's shed only half a point to 3012 points.

US stocks ended last Friday at their all-time high as Dow Jones climbed to 27,000 points and S&P 500 rose to 3,000 points.