Dec 17 (Reuters) – Wall Street’s main indexes opened lower on Friday as big technology stocks tumbled, reeling from the Federal Reserve’s decision to end its pandemic-era stimulus faster, which pushed investors towards cyclical parts of the market.
The Dow Jones Industrial Average (.DJI) fell 97.53 points, or 0.27%, at the open to 35,800.11.
The S&P 500 (.SPX) opened lower by 16.17 points, or 0.35%, at 4,652.50, while the Nasdaq Composite (.IXIC) dropped 143.66 points, or 0.95%, to 15,036.77 at the opening bell.
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Reporting by Shreyashi Sanyal in Bengaluru; Editing by Maju Samuel
Our Standards: The Thomson Reuters Trust Principles.