Wall Street Opens Lower on China COVID-19 Protests; Apple Slips

Wall Street Opens Lower on China COVID-19 Protests; Apple Slips
The U.S. flag is seen on a building on Wall Street in the financial district in New York on Nov. 24, 2020. (Brendan McDermid/Reuters)
Reuters
11/28/2022
Updated:
11/28/2022

Wall Street’s main indexes opened lower on Monday as protests in major Chinese cities against strict COVID-19 policies reignited concerns about economic growth, while Apple slipped on a report of disruption in production at a factory in China.

The Dow Jones Industrial Average fell 71.1 points, or 0.21 percent, at the open to 34,275.91. The S&P 500 fell 20.8 points, or 0.52 percent, at the open to 4,005.36​, while the Nasdaq Composite dropped 78.8 points, or 0.70 percent, to 11,147.568 at the opening bell.