U.S. Stocks Open Lower as Chinese Stocks See Worst Day in 8 Years

U.S. stocks opened Monday trading lower following China's worst one day sell-off in 8 years. Chinese investors are worried the government may stop making moves to prop up stocks. Durable goods orders for June gained 3.4%, higher than estimates. Precision Castparts (PCP) will buy privately held Noranco for $560 million. Greek media reports the Athens Stock Exchange could reopen for business Tuesday. Apple (AAPL) Watch will be sold in Best Buy (BBY) stores. The first retail store outside of Apple stores to sell the watch. It will appear in Best Buy stores August 7th. Vice President Joe Biden and New York Governor Andrew Cuomo are expected to announced a revamping of New York City's LaGuardia Airport today. The project is expected to focus on rebuilding the Central Terminal Building. Biden once compared LaGuardia to an airport in a third world country.