Dow loses control 30,000 months early as investors worry about the spread of the coronavirus; Tesla sees the first transaction as an S&P 500 member

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US stocks opened less early Monday to start Christmas week as the coronavirus stimulus deal overshadowed concerns about a new COVID-19 strain in Europe. Dow Jones Industrial Average DJIA,
-1.23%
traded 200 points, or 0.7%, lower at 29,985, S&P 500 SPX,
-1.79%
withdrew 1% to reach 3,673. Nasdaq Composite Composite Index,
-1.64%
lost 102 points, or 0.8%, early Monday to reach 12,652. Congress’s efforts toward a new aid package to combat the harmful economic effects of the pandemic have been linked to an annual $ 1.4 trillion fiscal spending package, and lawmakers are due to vote on a bill Monday. However, investors are focusing on tightening measures in London, where reports of a new strain of coronavirus causing COVID-19 have shaken investor confidence. Markets are also focused on Tesla Inc. TSLA,
-5.14%,
who sees his first day of trading as an S&P 500 member.

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