Disney extends CEO Chapek's contract three years

U.S. stocks open lower as China COVID restrictions bite

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U.S. stocks opened lower on Monday one session after the Nasdaq Composite cemented its longest win streak since November as another spate of COVID restrictions in China added to concerns about a global economic slowdown. The S&P 500
spx
fell 26 points, or 0.7%, to 3874 at the open, while the Dow Jones Industrial Average
djia
fell 115 points, or 0.4%, to 31232. The Nasdaq Composite
comp
shed 97 points, or 0.9%, to 11538.

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