US stocks have opened lower on growing concerns about the European economy and the Cyprus crisis.
Five minutes into trade on Thursday, the Dow Jones Industrial Average declined 64.29 points, or 0.44 per cent, to 14,447.44.
The broad-based S&P 500 dropped 7.46 points, or 0.48 per cent, to 1,551.25.
The tech-rich Nasdaq Composite Index sank 20.15 points, or 0.62 per cent, to 3,234.04.
Markets were on edge over the continuing crisis in Cyprus, after the European Central Bank warned it may halt emergency funding for the tiny island-nation's banking system unless policy makers clinch a bailout deal by Monday.
A fall in the Markit eurozone purchasing managers index, to 46.5 in March from 47.9 in February, also reinforced the worries over the region's economy.
"The concern is that the downturn has gathered pace again," said Markit's chief economist Chris Williamson.
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