S&P 500, Nasdaq Open Lower as China COVID-19 Cases Tick Higher

S&P 500, Nasdaq Open Lower as China COVID-19 Cases Tick Higher
Raindrops hang on a sign for Wall Street outside the New York Stock Exchange on Oct. 26, 2020. Mike Segar/Reuters
Reuters
Updated:

The S&P 500 and the Nasdaq opened lower on Monday as COVID-19 flare-ups in China reignited concerns about slowing growth, while a jump in Disney’s shares following Bob Iger’s surprise comeback as chief executive supported the Dow.

The Dow Jones Industrial Average rose 14.6 points, or 0.04 percent, at the open to 33760.3. The S&P 500 fell 9.1 points, or 0.23 percent, at the open to 3956.23​, while the Nasdaq Composite dropped 55.1 points, or 0.49 percent, to 11091.008 at the opening bell.