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U.S. stocks open lower after first presidential debate

Xinhua, September 27, 2016 Adjust font size:

U.S. stocks opened lower Tuesday following the first presidential debate between Hillary Clinton and Donald Trump.

Democrat Hillary Clinton and Republican Donald Trump faced off for the first time in the chaotic 2016 election cycle Monday evening, with Clinton calling out Trump for not releasing tax returns and telling lies, while Trump labeled Clinton a traditional politician.

The debate marked the first of three presidential debates and one vice-presidential debate that will take place before the Nov. 8 election day.

The performance of each candidate at the debates could be crucial to clinching the presidency, as various polls have showed a tightened race in many of the swing states in recent weeks.

On the economic front, the S&P CoreLogic Case-Shiller 20-City Composite index rose 5.0 percent year over year, slightly below market consensus of 5.1 percent.

Shortly after the opening bell, the Dow Jones Industrial Average fell 40.61 points, or 0.22 percent, to 18,054.22. The S&P 500 lost 3.80 points, or 0.18 percent, to 2,142.30. The Nasdaq Composite Index was down 5.28 points, or 0.10 percent, to 5,252.21.

On Monday, U.S. stocks retreated further as investor sentiment was dented by a broadly-based stock decline around the world. Endi