Wall Street Opens Lower on Tech Drag; Fed Minutes Eyed

January 5, 2022Updated: January 5, 2022

Wall Street’s main indexes opened lower on Wednesday ahead of minutes from the Federal Reserve’s December meeting, as a rise in U.S. Treasury yields hit technology-heavy growth stocks.

The Dow Jones Industrial Average fell 77.05 points, or 0.21 percent, at the open to 36,722.60. The S&P 500 opened lower by 5.55 points, or 0.12 percent, at 4,787.99, while the Nasdaq Composite dropped 75.56 points, or 0.48 percent, to 15,547.16 at the opening bell.