Wall Street opens lower on rising virus cases, elevated jobless claims

Traders exit the 11 Wall St. door of the New York Stock Exchange (NYSE) in New York City, New York, U.S., June 11, 2020. REUTERS/Brendan McDermid

(Reuters) – U.S. stocks fell at the open on Thursday as an uptick in COVID-19 infections in the United States threatened to upend bets of a swift economic recovery, with data showing weekly jobless claims remained elevated amid a second wave of layoffs.

The Dow Jones Industrial Average .DJI fell 103.16 points, or 0.39%, at the open to 26,016.45. The S&P 500 .SPX opened lower by 11.85 points, or 0.38%, at 3,101.64, while the Nasdaq Composite .IXIC dropped 18.06 points, or 0.18%, to 9,892.48 at the opening bell.

Reporting by Devik Jain in Bengaluru

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