US stocks open lower as coronavirus infections spike

Most of the major US stock benchmarks opened lower on Tuesday, as investors focus on the latest developments in the coronavirus crisis.

Coronavirus infections continued to spike in the US and other countries, and the number is now near 3 million cases in the US alone.

Consequently, White House health advisor Anthony Fauci warned of the health crisis and the rising infections and deaths.

US state governors have criticized President Donald Trump's remarks to reduce the tests for the virus.

The US services PMI rose to 57.1 points in June, which is the largest monthly rise ever, vs. 45.4 points in May.

As for stocks, Dow Jones fell 0.5% or 150 points to 26,120 as of 14:32 GMT, and S&P 500 slipped 0.1% or 4 points to 3,175, while Nasdaq climbed 0.4% or 40 points to 10,475.