US stocks open lower after holiday, with Davos in focus

The major US stock indices fell on Tuesday, as investors returned from Monday's holiday in the US, while focus turned to the World Economic Forum in Davos, Switzerland.

The Davos forum launched today, with the presence of a number of leaders, most notably President Donald Trump, central banks governors, billionaires, and activists in other fields.

The Forum's discussion will be throughout this week, on many global issues, such as climate change, the global economy, and other global challenges nations face.

The Managing Director of the International Monetary Fund, Kristalina Georgieva, warned from the chances of a great depression facing the global economy, due to the gap between inequality and stability in the financial markets.

As for stocks, Dow Jones fell by 0.1% or 35 points to 29,314 as of 15:02 GMT, Nasdaq fell by 0.1% or 7 points to 9,382, and S&P 500 lost 0.2% or 8 points to 3,321.