us stocks opened lower on monday as the selloff on wall street continued following fridays 1000point drop in the dow jones industrial average the dow jones industrial average djia pulled back 255 points or 08 to 32027 the sp 500 spx dropped 32 points or 08 to 4026 the nasdaq composite comp fell 93 points or 08 to 12042 the dow saw its biggest daily drop since may 18 on friday while the sp 500 and the nasdaq each recorded their worst days since midjune all three benchmarks also finished in the red for the second straight week stocks plunged on friday after federal reserve chairman jerome powell said the fed would continue its battle against inflation even if tighter monetary policy causes financial harm to us households and businesses