US: Wall St dips on Sino-US friction, surging virus cases

[NEW YORK] Wall Street opened lower on Friday as US-China tensions and fears over mounting Covid-19 cases weighed on investor sentiment, erasing all gains for the benchmark S&P 500 index so far this week.

The Dow Jones Industrial Average fell 118.92 points, or 0.45 per cent, at the open to 26,533.41. The S&P 500 opened lower by 17.08 points, or 0.53 per cent, at 3,218.58, while the Nasdaq Composite dropped 167.01 points, or 1.60 per cent, to 10,294.41 at the opening bell.

REUTERS