ECONOMY

US stocks open sharply lower following drops in Europe and Asia

FILE - This Monday, July 15, 2013, file photo, shows the American flag and Wall Street street sign outside the New York Stock Exchange, in New York. Asian stock markets were mixed Monday, Sept. 29, 2014, as pro-democracy protests in Hong Kong and concern about China's economy offset good U.S. economic news. (AP Photo/Mark Lennihan, File)

FILE - This Monday, July 15, 2013, file photo, shows the American flag and Wall Street street sign outside the New York Stock Exchange, in New York. Asian stock markets were mixed Monday, Sept. 29, 2014, as pro-democracy protests in Hong Kong and concern about China's economy offset good U.S. economic news. (AP Photo/Mark Lennihan, File)  (The Associated Press)

U.S. stocks are opening sharply lower, following losses overseas.

Asian markets closed mostly lower as investors fretted over the pro-democracy protests in Hong Kong, where the main Hang Seng index fell 1.9 percent

The Dow Jones industrial average fell 153 points, or 0.9 percent, to 16,957 as of 9:35 a.m. Eastern time Monday.

The Standard & Poor's 500 index lost 16 points, or 0.8 percent, to 1,966. The Nasdaq composite fell 40 points, or 0.9 percent, to 4,471.

DreamWorks Animation soared 18 percent as media reports suggest the animation studio is in discussions with SoftBank Corp. about a possible deal.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.48 percent.