Wall Street opens lower as tech-driven rally eases

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Wall Street opens lower as tech-driven rally eases

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 Wall Street opens lower as tech-driven rally eases
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Highlights:
  • US stocks opened lower as technology and growth stocks rally eased.
  • The Dow Jones Industrial Average fell 93.07 points.
  • The S&P 500 and Nasdaq Composite opened lower by 13.56 points and 27.95 points, respectively.

Wall Street's main indexes opened lower on Wednesday, as a rally in technology and growth stocks eased, while higher oil prices stoked worries of a further rise in global inflation.

The Dow Jones Industrial Average fell 93.07 points, or 0.28%, at the open to 33,087.07.

Also Read: US narrows record trade deficit as imports shrink 3.4% in April

The S&P 500 opened lower by 13.56 points, or 0.33%, at 4,147.12, while the Nasdaq Composite dropped 27.95 points, or 0.23%, to 12,147.28 at the opening bell.

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