US Stocks Open Lower on UK Covid-19 Spike, Despite US Stimulus
Image Credits:nThe Economic Times
New York, Dec 21 (AFP/APP): Wall Street stocks opened lower Monday as worries over a new highly-infectious strain of Covid-19 in Britain offset optimism from agreement on a long-delayed US stimulus bill.
About five minutes into trading, the Dow Jones Industrial Average was down 0.7 percent at 29,972.02. The broad-based S&P 500 shed 1.0 percent to 3,672.57, while the tech-rich Nasdaq Composite Index dropped 0.8 percent to 12,652.17.
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