Wall St opens lower on economy, financial worry

Stocks dipped on Wednesday as investors fretted about the economy's health and the outlook for the beleaguered financial services sector.
News of the demise of a hedge fund partly owned by Lehman Brothers left investors cautious about financial shares, while oil's sharp slide over recent months has markets concerned about slower global growth.
The Dow Jones industrial average was down 12.78 points, or 0.11%, at 11,504.14. The Standard & Poor's 500 Index was down 2.93 points, or 0.23%, at 1,274.65. The Nasdaq Composite Index was down 3.94 points, or 0.17%, at 2,345.30