Dow loses control at 30,000 early Monday as investors worry about coronavirus spread; Tesla sees the first business as a member of the S&P 500

US stocks opened lower on Monday to start Christmas week as the coronavirus stimulus deal overshadowed concerns over a new COVID-19 strain in Europe. The Dow Jones Industrial Average DJIA,
-1.38%
traded 200 points, 0.7%, lower than 29,985, the S&P 500 SPX,
-1.94%
it retreated 1% to 3,673. The Nasdaq Composite Index COMP,
-1.79%
it lost 102 points, or 0.8%, early Monday to 12,652. Congress ’efforts toward a new aid package to combat the detrimental economic effects of the pandemic were joined by an annual $ 1.4 trillion annual spending package. However, investors are focusing on tightening blockade measures in London, where reports of a new coronavirus strain causing COVID-19 have caused investor confidence. Markets also focus on Tesla Inc. TSLA,
-4.92%,
who is living his first day of listing as a member of the S&P 500.