US stocks open lower as virus cases spread, aid talks stall
NEW YORK (AP) — Stocks are opening broadly lower on Wall Street as investors pull back over concerns that economic shutdowns will accelerate with the increasing spread of coronavirus cases in the U.S. and Europe. The S&P 500 lost 0.9% in the early going Monday.
The index is coming off its first weekly loss in four weeks.
Travel-related companies like cruise lines, which stand to suffer outsize losses if shutdowns continue, took hefty losses.
Meanwhile in Washington, talks are still stalled on providing more badly needed economic aid for American people and businesses hurt by virus shutdowns.
Treasury yields fell. European markets and oil prices also fell.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Odd monolith sculpture discovered in Utah desert
State leaders choose contractors for massive I-10 widening project
Vehicle fire causes slowdown on I-10 W at Lobdell
EBR schools feel unable to meet educational needs of certain students due...
Planned Parenthood in Louisiana may lose funding
Catholic freshman Daniel Beale has been thrown into super stardom thanks to...
Can Jameis Winston lead this Saints offense?; Fantasy Focus Week 11 with...
Fans' Choice Award Winner 2020: Week 7 - Baylor Langlois
Clay Polk is Central football's master of mystery
Late defensive stands and timely passing give Catholic 27-21 win over Acadiana