U.S stocks opened lower Monday, with weakness tied to U.S.-China tensions over blame for the COVID-19 pandemic.
Airline stocks tumbled after billionaire investor Warren Buffett on Saturday said Berkshire Hathaway Inc. had dumped all of its stakes in the carriers.
The Dow Jones Industrial Average djia dropped 275.46 points, or 1.2%, to 23,448.23, while the S&P 500 shed 26.45 points, or 0.9%, to 2,804.26. The Nasdaq Composite traded at 8,538.28, down 66.66 points, or 0.8%.
Among the airlines, shares of United Airlines Holdings Inc., American Airlines Group Inc. and Delta Air Lines Inc. were each off more than 13%.
Source : Market Watch