U.S. stocks opened lower on Thursday, pulling back from record levels set in the previous session, after China reported a large jump in new virus cases after it changed its methodology for measuring the outbreak. The Dow Jones Industrial Average DJIA, -0.65% fell 180 points, or 0.6%, to 29,372, while the S&P 500 SPX, -0.52% was off 0.5% at 3,364. The Nasdaq Composite COMP, -0.64% declined 56 points, or 0.6%, to 9,670.. Shares of electric car maker Tesla Inc. TSLA, -0.90% were down 2.1% after it said it was planning to offer about $2 billion of common stock in an underwritten deal.

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Dow skids lower at the open after rise in number of coronavirus cases

U.S. stocks on Thursday pull back from record territory after China, following a change in methodology, reported a sharp rise in COVID-19 cases and deaths.