Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 16, 2019. REUTERS/Brendan McDermid
(Reuters) – The Nasdaq Composite index fell more than 1% at the open on Monday, weighed down by fears about the impact on major technology companies from the United States’ crackdown on China’s Huawei Technologies.
The Dow Jones Industrial Average fell 108.69 points, or 0.42%, at the open to 25,655.31. The S&P 500 opened lower by 17.59 points, or 0.62%, at 2,841.94. The Nasdaq Composite dropped 102.22 points, or 1.31%, to 7,714.06 at the opening bell.
(Reporting by Sruthi Shankar in Bengaluru; Editing by Sriraj Kalluvila)