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Investing.com — U.S. stock markets opened flat on Tuesday, with an overnight bounce in futures losing vigor against a backdrop of growing concerns about the global economy.
With Covid-19 cases on the rise in both the U.S. and China, fears that the world’s two largest economies could resort to fresh lockdowns are mounting.
By 9:45 AM ET (1345 GMT), the Dow Jones Industrial Average was down 20 points, or less than 0.1%, at 34,782 points. The S&P 500 was flat, while the Nasdaq Composite was up 0.1%.
While the U.S. has so far only seen localized reversals of policy on mask-wearing, China is resorting to ever-more dramatic action to stamp out its latest outbreak of the disease, which started when a plane with an infected passenger landed from Russia in the city of Nanjing. The capital Beijing has banned train arrivals from 20 provinces, while authorities said earlier Tuesday that they will require all 12 million residents of Wuhan, the original source of the pandemic, to be tested again.
