Wall Street Opens Mixed as Novel Virus Continues to Weigh;

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Investing.com — U.S. stock markets opened mixed on Tuesday, with the discovery of a new strain of the Covid-19 virus – and all that that may imply for fresh restrictions on the economy in the new year – continued to weigh on sentiment.

By 9:55 AM ET, the Dow Jones Industrial Average was down 142 points, or 0.5%, at 30,074 points, while the S&P 500 was roughly flat and the Nasdaq Composite – as usual when virus fears come to the front of investors’ minds – outperforming with a 0.4% gain.

There was little reaction earlier to a small upward revision in U.S. third-quarter GDP data, which was also notable for personal consumer expenditures being revised down slightly from their first reading. The passage of the $900 billion fiscal relief package through Congress has also been thoroughly priced in.