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U.S. stocks open lower as China COVID restrictions bite

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U.S. stocks opened lower on Monday one session after the Nasdaq Composite cemented its longest win streak since November as another spate of COVID restrictions in China added to concerns about a global economic slowdown.

The S&P 500 SPX, -1.01% fell 26 points, or 0.

7%, to 3874 at the open, while the Dow Jones Industrial Average DJIA, -0.34% fell 115 points, or 0.4%, to 31232. The Nasdaq Composite COMP, -2.08% shed 97 points, or 0.9%, to 11538.

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