Stock Market News – Stocks slump at the open as contagion fears follow ‘Tiger Cub’ meltdown
U.S. stocks opened lower Monday, dogged by concerns about the ripple effects from forced selling Friday by a large investment firm. The Dow Jones Industrial Average
lost 139 points, 0.4%, to open near 32,934, while the S&P 500
opened 16 points, 0.4%, lower, near 3,958. The Nasdaq Composite index
was off 35 points, 0.3%, at the open, trading near 13,104. Shares of Boeing Co.
jumped 2.6% after Southwest Airlines Inc.
said it had ordered 100 of the Boeing 737 Max 7. Meanwhile, bond yields remained tame, with the 10-year U.S. Treasury note
down about 3 basis points to 1.654%.