Tech-Heavy Nasdaq Leads Wall Street Lower at Open

Tech-Heavy Nasdaq Leads Wall Street Lower at Open
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City on Aug. 17, 2022. Brendan McDermid/Reuters
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Wall Street’s main indexes opened lower on Friday after U.S. Federal Reserve officials said the central bank needs to keep raising interest rates to rein in inflation, dragging down megacap growth and technology stocks.

The Dow Jones Industrial Average fell 94.35 points, or 0.28 percent, at the open to 33,904.69.