US stocks open lower on renewed coronavirus concerns

US stock indices opened lower on Friday, amid renewed concerns over the coronavirus pandemic.

US President Joe Biden said that things will get worse before they get better, after the Covid-19 death toll exceeded 400,000 victims.

The US manufacturing PMI rose to 59.1 points in December, beating forecasts of 56.6 points.

The US services PMI rose to 57.5 in December, also higher than forecasts of 53.3.

As for stocks, Dow Jones fell 0.6% or 190 points to 30,991 as of 14:56 GMT, Nasdaq fell 0.1% or 12 points to 13,518, S&P 500 fell 0.3% or 11 points to 3,841.