US stocks open lower on fears of halting aid programs

The major US stock indices fell on Friday, amid fears over the delay of the stimulus programs aimed at supporting businesses.

The US Treasury Secretary Steven Mnuchin said that his team is looking to end several support programs that were aimed at small and medium businesses.

US President-elect Joe Biden had chosen a Treasury Secretary nominee who would be accepted by all the Democratic Party.

Biden yesterday attacked the incumbent President Trump's administration for not cooperating in the transition of power to his administration.

Some observers are awaiting Pennsylvania's decision regarding the votes recount after Trump filed a lawsuit in the state, but most experts do not expect tangible change.

As for stocks, Dow Jones fell 0.3% or 90 points to 29,394 as of 15:10 GMT, Nasdaq fell 0.1% or 9 points to 11,895, and S&P 500 fell 0.3% or 11 points to 3,571.