US: S&P 500, Nasdaq open lower as China Covid cases tick higher

THE S&P 500 and the Nasdaq opened lower on Monday (Nov 21) 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 rose 14.6 points, or 0.04 per cent, at the open to 33,760.3.

The S&P 500 fell 9.1 points, or 0.23 per cent, at the open to 3,956.23​, while the Nasdaq Composite dropped 55.1 points, or 0.49 per cent, to 11,091.008 at the opening bell. REUTERS