Wall Street opens lower on virus woes, U.S.-China tensions

Posted on July 14, 2020

New York Stock Exchange opens during COVID-19

FILE PHOTO: Traders wearing masks work, on the first day of in person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020. (REUTERS/Brendan McDermid)

BY MEDHA SINGH

Wall Street opened lower on Tuesday following a mixed bag of quarterly earnings from U.S. lenders and simmering tensions between Washington and Beijing, while new coronavirus restrictions in California hit tech stocks for a second straight day.

The Dow Jones Industrial Average fell 41.63 points, or 0.16%, at the open to 26,044.17. The S&P 500 opened lower by 14.11 points, or 0.45%, at 3,141.11, while the Nasdaq Composite dropped 80.59 points, or 0.78%, to 10,310.25 at the opening bell.