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Wall Street tumbles as new Covid strain raises fears of economic disruption

The Dow Jones Industrial Average fell 20.05 points, or 0.07%, at the open to 30,159.00

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The Nasdaq Composite dropped 159.49 points, or 1.25%, to 12,596.14 at the opening bell.

Ambar Warrick and Devik Jain |Reuters
Wall Street's main indexes fell on Monday, as a more-virulent strain of the coronavirus in Britain sparked fears of fresh disruptions and weighed on investors' expectations of a vaccine-led economic rebound.The strain, which is said to be up to 70% more transmissible than the original, forced many countries to shut their borders with the United Kingdom.
 
All the 11 major S&P sub-indexes fell, with energy shares leading declines as crude prices slipped on concerns of waning fuel demand. Chevron Corp, Exxon Mobil Corp and Occidental Petroleum Corp dropped between 2% and 5% in early trading.
 
Travel-related stocks, among