U.S. stocks open lower, Dow Jones down 0.19%, Pinduoduo falls 1.08% at the open

According to ChainCatcher, citing Jinshi News, at the opening of the U.S. stock market, the Dow Jones Industrial Average fell by 0.19%, the S&P 500 Index dropped by 0.15%, and the Nasdaq Composite Index declined by 0.14%. Pinduoduo (PDD.O) opened down 1.08%. Previously, the company’s Q2 revenue exceeded expectations, and its pre-market share price had surged over 10%. Most popular Chinese concept stocks rose, with NIO Inc. (NIO.N) up 5.46% and Alibaba (BABA.N) up 1.94%.