U.S. stocks opened lower on Monday, extending the market’s recent weakness as concerns about a potential trade war continued to weigh on sentiment. The Dow Jones Industrial Average fell 143 points, or 0.6%, to 24,399. The blue-chip average is on track for its fifth straight daily decline, which would mark its longest such streak since March 2017. The S&P 500 sank 10 points, or 0.4%, to 2,681. The Nasdaq Composite Index was off 31 points to 7,227, a decline of 0.4%. Recent selling has been spurred by fears over the potential for a trade war. President Donald Trump last week announced tariffs on steel and aluminum, and over the weekend he threatened to slap a tariff on European autos should the European Union try to retaliate to the new tariffs. In company news, Dermira Inc. plummeted 63% after a drug failed to meet its co-primary endpoints in a trial. XL Group Ltd. jumped 30% after AXA SA agreed to buy the insurer for $15.3 billion.
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