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Wall Street dips as focus shifts to earnings

The New York Stock Exchange building is seen in New York City
FILE PHOTO: The New York Stock Exchange (NYSE) building is seen in New York City, New York, U.S., June 4, 2019. (REUTERS/Mike Segar)

BY AKANKSHA RANA

U.S. stock indexes fell at the open on Monday after a strong rally last week, with investors bracing for an expected slide in quarterly earnings and signs of the long-term damage of the coronavirus outbreak on Corporate America.

The Dow Jones Industrial Average <.DJI> fell 20.44 points, or 0.09%, at the open to 23,698.93. The S&P 500 <.SPX> opened lower by 7.36 points, or 0.26%, at 2,782.46, while the Nasdaq Composite <.IXIC> dropped 25.89 points, or 0.32%, to 8,127.69 at the opening bell.