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Wall Street drops at open as airlines slump, China spat flares up

FILE PHOTO: The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, U.S., April 26, 2020. (REUTERS/Jeenah Moon)

BY MEDHA SINGH

 U.S. stocks opened lower on Monday following growing U.S.-China tensions about the origins of the coronavirus outbreak, while billionaire Warren Buffett’s admission he had dumped his airline shares crushed major U.S. carriers.

The Dow Jones Industrial Average <.DJI> fell 142.14 points, or 0.60%, at the open to 23,581.55.

The S&P 500 <.SPX> opened lower by 15.70 points, or 0.55%, at 2,815.01. The Nasdaq Composite <.IXIC> dropped 49.63 points, or 0.58%, to 8,555.32 at the opening bell.

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