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Investing.com — U.S. stocks opened lower on Friday, amid profit-taking after a blistering three-day rally that some said could mark the start of a new bull market.
By 9:35 AM ET (1335 GMT), the Dow Jones Industrial Average was down 813 points or 3,6%, while the S&P 500 was down 3.1% and the Nasdaq Composite was down 2.9%.
The mood was slightly clouded by reports that the House of Representatives may not be able to vote on the Senate’s $2.2 trillion economic support package due to isolated pockets of resistance from some lawmakers.
In addition, the near-term trajectory for the virus itself continues to look negative, with the total number of cases in the U.S. overtaking those in China at over 86,000 according to Johns Hopkins data. Elsewhere, U.K. Prime Minister Boris Johnson reported that he had tested positive for the virus, while the death toll in Spain and Italy accelerated.
