Stocks Open Lower 1/16/13
January 16, 2013
NEW YORK - 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.
Goldman Sachs rose 2 percent after the investment bank reported that its profits nearly tripled.