Stocks slump at the open as contagion fears follow ‘Tiger Cub’ meltdown

U.S. stocks opened lower Monday, dogged by concerns about the ripple effects from forced selling Friday by a large investment firm. The Dow Jones Industrial Average DJIA, -0.29% lost 139 points, 0.4%, to open near 32,934, while the S&P 500 SPX, -0.63% opened 16 points, 0.4%, lower, near 3,958. The Nasdaq Composite index COMP, -0.95% was off 35 points, 0.3%, at the open, trading near 13,104. Shares of Boeing Co. BA, +2.75% jumped 2.6% after Southwest Airlines Inc. LUV, -0.23% said it had ordered 100 of the Boeing 737 Max 7. Meanwhile, bond yields remained tame, with the 10-year U.S. Treasury note TMUBMUSD10Y, 1.675% down about 3 basis points to 1.654%.

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