Wall Street slips at the open

A trader works on the floor of the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., January 20, 2017. REUTERS/Stephen Yang

(Reuters) - U.S. stocks opened lower on Monday as investors around the world sought safe-haven assets such as gold and U.S. Treasuries in response to the protectionist sentiments expressed by President Donald Trump in his inauguration speech. The Dow Jones industrial average was down 27.99 points, or 0.14 percent, at 19,799.26, the S&P 500 was down 3.94 points, or 0.173468 percent, at 2,267.37 and the Nasdaq composite was down 7.63 points, or 0.14 percent, at 5,547.70. (Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Anil D'Silva)