7/19, 3:30 PM (Source: TeleTrader)
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US opens lower on COVID-19 resurgence fears

Major stock markets in the United States opened lower on Monday, as the latest resurgence of the Delta variant of the coronavirus prompted fears of a stall in the global economic recovery. Meanwhile, the US blamed China for the Microsoft hack earlier in the year, and the federal government went into a war of words with Facebook over the spread of COVID-19 misinformation. Investors will also be looking at the week ahead to try and gauge the market sentiment as rising inflation continues to be a problem.

The Dow Jones opened 1.34% in the red, with Dow Inc losing 3.68%. The Nasdaq 100 started 1.05% down, as Marriott International dropped 3.91%. The S&P 500 began 1.31% lower, with Norweigan Cruise Line falling 5.01%.

The euro gained 0.11% against the dollar trading for $1.18175 at 9:32 am ET.

Breaking the News / OL