Wall Street tumbles at open on fear over fresh virus cases

(Reuters) – U.S. stocks opened sharply lower on Monday as a resurgence in new coronavirus cases in China and parts of the United States dampened hopes of a swift economic revival that drove the Nasdaq to record highs last week.

The Dow Jones Industrial Average (DJI) fell 335.15 points, or 1.31%, at the open to 25,270.39.

The S&P 500 (SPX) opened lower by 47.55 points, or 1.56%, at 2,993.76. The Nasdaq Composite (IXIC) dropped 161.91 points, or 1.69%, to 9,426.90 at the opening bell.