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, -1.15% fell 26 points, or 0.7%, to 3874 at the open, while the Dow Jones Industrial Average DJIA, -0.52% fell 115 points, or 0.4%, to 31232. The Nasdaq Composite COMP, -2.26% shed 97 points, or 0.9%, to 11538.
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