Wall Street opens lower as energy weighs

US stock indices opened the last -short- session of the week lower after closing yesterday for the Thanksgiving holiday, with the energy sector leading the decline due to the bleeding of oil prices below the levels of early 2018 as markets price in lower demand due to weak growth forecasts for world economies. 

Earlier US data showed the Markit manufacturing PMI down to 55.4 from 55.7, missing estimates of 55.8, while the services PMI receded as well to 54.4 from 54.8, missing expectations of 55.0. 

US President Donald Trump warned that China seeks to sign a bad trade deal with America, adding the US will only sign a "fair" deal, ahead of an anticipated meeting between Trump and his Chinese counterpart Xi Jinping on the sidelines of the G20 Summit in Argentina next week. 

Other reports indicated Trump threatened to shut the government in December if his demands for the southern border wall was rebuffed by Congress, souring the mood for the markets. 

Stock Performance 

As of 03:20 GMT, S&P 500 shed 0.38%, or 10.14 points to 2,639.79, while Dow Jones declined 0.51%, or 122.64 points to 24,342.05. 

Tech-heavy NASDAQ slipped 0.11%, or 7.63 points to 6,964.62.