The stock market tumbled at Monday’s market open as investors brace for how the death of Supreme Court Justice Ruth Bader Ginsburg and the search for her successor could overshadow congressional talks on more stimulus aid to boost the pandemic-ridden economy.
The Dow Jones industrial average opened down 465 points, or nearly 1.7 percent, at the beginning of the trading day. The Standard & Poor’s 500 index dipped almost 48 points, or a 1.4 percent drop, while the tech-heavy Nasdaq composite opened down about 137 points, or almost 1.3 percent.
Monday marks the start of a new trading week, one that analysts hope will give the market a breather after Wall Street’s three-week losing streak. The losses were fueled by an ongoing tech sell-off and mixed messaging from drugmakers about the timeline for the availability of vaccines and treatments for the novel coronavirus.
Tech shares tentatively dipped at market open. Facebook was down 2.7 percent, Alphabet was down 2 percent, Amazon was down 1.5 percent and Netflix was down 0.2 percent shortly after the start of the trading day. (Amazon chief executive Jeff Bezos also owns The Washington Post.)