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(Reuters) - U.S. stocks opened lower on Thursday on declines in financial and industrial stocks and renewed trade tensions on news that the European Union may retaliate if the United States slaps tariffs on EU cars.

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FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 16, 2018. REUTERS/Brendan McDermid

The Dow Jones Industrial Average fell 60.14 points, or 0.24 percent, at the open to 25,139.15.

The S&P 500 opened lower by 6.25 points, or 0.22 percent, at 2,809.37. The Nasdaq Composite dropped 24.64 points, or 0.31 percent, to 7,829.80 at the opening bell.

Reporting by Amy Caren Daniel in Bengaluru; Editing by Saumyadeb Chakrabarty

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