U.S. stocks opened mostly lower Monday, with the S&P 500 down modestly, amid concern over China’s lockdown of a district in a southern city as it seeks to curb the spread of COVID-19. The Dow Jones Industrial Average edged up 0.2% soon after the opening bell, while the S&P 500 fell 0.2% and the Nasdaq Composite slipped 0.4%, according to FactSet data, at last check. The Associated Press reported Monday that China’s southern metropolis of Guangzhou locked down its largest district in an effort to control a COVID outbreak. In the U.S., Federal Reserve Bank of San Francisco President Mary Daly is scheduled to speak on inflation at 1 p.m. Eastern time.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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