U.S. stocks open modestly lower after worst week in 3 months

Stocks opened modestly lower Monday, under renewed pressure after major benchmarks saw their biggest weekly declines since February — a selloff blamed on worries over rising inflation pressures. The Dow Jones Industrial Average
DJIA,
-0.41%
was down 9 points, or less than 0.1%, at 34,373, while the S&P 500
SPX,
-0.50%
fell 0.3% to 4,162.33. The Nasdaq Composite
COMP,
-0.90%
shed 0.7% to trade at 13,328.45. Shares of Discovery Inc.
DISCA,
+4.07%
rose more than 10%, while AT&T Inc.
T,
+4.81%
shares rose 4.7% after the companies announced a $43 billion deal to combine WarnerMedia with Discovery.