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  • Wall Street stocks fell in opening trading Monday following a fresh coronavirus outbreak in China and increased case counts in some US states that raised doubts about the economic recovery. About 15 minutes into trading, the Dow Jones Industrial Average had lost 2.2 percent at 25,050.30. The broad-based S&P 500 shed 1.7 percent to 2,989.35, while the tech-rich Nasdaq Composite Index fell 1.2 percent to 9,473.36. China shut down all indoor sports and entertainment venues and undertook a massive test and trace initiative following a COVID-19 outbreak linked to a wholesale food market in Beijing. The news added to unease about higher coronavirus cases and hospitalizations in Texas, Arizona and other states that have reopened their economies. Major US indices last week notched losses partly due to this uptick in COVID-19 cases, with the Nasdaq retreating from a record. This week's calendar includes US retail sales for May and two days of congressional testimony from Federal Reserve Chairman Jerome Powell. Among individual companies, Shopify jumped 5.7 percent after Walmart said it was partnering with the company to bolster its online marketplace for third-party sellers. Walmart dipped 0.2 percent. jmb/hs
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  • US stocks open lower on renewed virus fears
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