U.S. stocks opened lower on Monday as a resurgence in new coronavirus cases in China and parts of the US dampened hopes of a swift economic revival that drove the Nasdaq to record highs last week.

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At the time of publishing the copy, Dow Jones was trading 508.88 points down, NASDAQ was down 80.62 points, while S&P 500 was trading 44.53 points down.

The Dow Jones fell 335.15 points, or 1.31%, at the open to 25,270.39.

The S&P 500 opened lower by 47.55 points, or 1.56%, at 2,993.76. The Nasdaq Composite dropped 161.91 points, or 1.69%, to 9,426.90 at the opening bell.

-With agency inputs