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Wall Street falls on virus fears, stimulus uncertainty | amNewYork

Wall Street falls on virus fears, stimulus uncertainty

FILE PHOTO: Members of the media report outside of the New York Stock Exchange as the building opens for the first time since March while the outbreak of the coronavirus disease (COVID-19) continues in the Manhattan borough of New York, U.S., May 26, 2020. (REUTERS/Lucas Jackson)

BY DEVIK JAIN

Wall Street’s main indexes slipped at the open on Monday as concerns about fresh coronavirus-driven lockdowns and the inability of Congress to agree on more fiscal stimulus raised fears about another hit to the domestic economy.

The Dow Jones Industrial Average <.DJI> hit a near two-month low shortly after opening 172.71 points, or 0.62%, lower at 27,484.71.

The S&P 500 <.SPX> opened lower by 33.90 points, or 1.02%, at 3,285.57 and the Nasdaq Composite <.IXIC> dropped 183.14 points, or 1.70%, to 10,610.14 at the opening bell.

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