Stocks open lower on Wall Street, crude oil prices climb


Source: bradfordtoday.ca bradfordtoday.ca

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NEW YORK (AP) — Stocks are opening lower on Wall Street, with the exception of energy companies, which rose along with the price of oil. Crude prices were up almost 3% early Monday after a group of world leaders agreed to a boycott of most Russian oil and China loosened some COVID restrictions. The S&P 500 fell 0.6% and the tech-heavy Nasdaq lost 0.5%. The Dow Jones Indsutrial Average of 30 major blue chip companies was down 0.5%. Treasury yields rose. V.F. Corp., which makes Vans shoes and The North Face outdoor gear, sank after cutting its revenue forecast and...