Stocks Opened Lower On Trade Worries

U. S. stocks opened lower on Monday as a move to curb Chinese investments in U.S. technology firms further raised tensions between the United States and its trading partners. The Dow Jones Industrial Average lately shed 202.85 points, or 0.83%, to 24,378.04. The S&P 500 declined 21.44 points, or 0.78%, to 2,733.44. The Nasdaq Composite lost 91.12 points, or 1.18%, to 7,601.70.

U.S. and Brent oil prices were moving in opposite directions on Monday, amid some uncertainty in the wake of an agreement by the Organization of the Petroleum Exporting Countries to ramp up production that was backed by non-member Russia. August West Texas Intermediate crude rose 31 cents, or 0.5%, to $68.90 a barrel. But Brent crude fell 85 cents, or 1.1%, to $74.47 a barrel.

US plans limits on Chinese investment in US tech firms: The U.S. Treasury Department is drafting curbs that would block firms with at least 25% Chinese ownership from buying U.S. companies with “industrially significant technology,” a government official briefed on the matter said on Sunday.

Biotech 3D printing startup BioLife4D has successfully produced human tissue in the form of a cardiac patch, the company announced on Monday, bringing it one step closer to printing organs viable for transplant.