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SNAPSHOT S&P 500, Nasdaq open lower as China COVID cases tick higher

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Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. REUTERS/Mike Segar/File Photo

The S&P 500 and the Nasdaq opened lower on Monday as COVID-19 flare-ups in China reignited concerns about slowing growth, while a jump in Disney’s shares following Bob Iger’s surprise comeback as chief executive supported the Dow.

The Dow Jones Industrial Average (.DJI) rose 14.6 points, or 0.04%, at the open to 33760.3. The S&P 500 (.SPX) fell 9.1 points, or 0.23%, at the open to 3956.23​, while the Nasdaq Composite (.IXIC) dropped 55.1 points, or 0.49%, to 11091.008 at the opening bell.

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