S&P 500, Nasdaq open lower on hedge fund default concerns

Wall Road’s predominant indexes opened decrease on Monday after a surge within the earlier session, as world banks mentioned they confronted potential losses from a hedge fund’s default on margin calls.

The Dow Jones Industrial Common rose 14.7 factors, or 0.04%, on the open to 33,087.55. The S&P 500 fell 5.2 factors, or 0.13%, on the open to three,969.31, whereas the Nasdaq Composite dropped 34.eight factors, or 0.26%, to 13,103.971 on the opening bell.

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