Wall Street’s main indexes opened lower on Friday on a drag from big technology and growth stocks, as evidence of a resilient U.S. economy fanned fears of interest rates staying higher for longer.
The Dow Jones Industrial Average fell 106.47 points, or 0.31 percent, at the open to 34,368.36. The S&P 500 opened lower by 25.48 points, or 0.58 percent, at 4,344.88, while the Nasdaq Composite dropped 126.91 points, or 0.95 percent, to 13,190.02 at the opening bell.
