Wall Street opens lower as Fed's taper talks drag down tech shares
(Reuters) - Weakness in tech shares pulled Wall Street lower at the open on Thursday after the Federal Reserve signaled it could start tapering its stimulus earlier than expected, piling pressure on a sector that is seen as vulnerable to higher interest rates.
(Reuters) - Weakness in tech shares pulled Wall Street lower at the open on Thursday after the Federal Reserve signaled it could start tapering its stimulus earlier than expected, piling pressure on a sector that is seen as vulnerable to higher interest rates.
The Dow Jones Industrial Average fell 19.3 points, or 0.06%, at the open to 34014.38. The S&P 500 fell 3.3 points, or 0.08%, at the open to 4220.37, while the Nasdaq Composite dropped 40.6 points, or 0.29%, to 13999.126 at the opening bell.
For the latest news, follow us on Twitter @Aaj_Urdu. We are also on Facebook, Instagram and YouTube.
federal government
stock market
S&P 500
Most Popular
Comments are closed on this story.