US stocks open flat following gains for global stocks

BEIJING (AP) — Wall Street is beginning 2021’s first trading day mostly flat, amid tempered optimism about the rollout of coronavirus vaccines. The S&P 500 was up less than 1 point at 9:35 Eastern time, while the Dow Jones Industrial Average was down 62 points. Vaccine development by U.S., European and Chinese producers has raised hopes a return to normal might be closer after the global economy’s worst decline since the 1930s. That’s offset by concern over rising inf