Wall Street Opens Lower as Tech Stocks Slide

By Reuters
Reuters
Reuters
December 17, 2021 Updated: December 18, 2021

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 fell 97.53 points, or 0.27 percent, at the open to 35,800.11. The S&P 500 opened lower by 16.17 points, or 0.35 percent, at 4,652.50, while the Nasdaq Composite dropped 143.66 points, or 0.95 percent, to 15,036.77 at the opening bell.

Reuters