Wall Street Opens Mixed as Tech Stocks Weakens, Banks Rally

A street sign for Wall Street is seen outside of the New York Stock Exchange (NYSE) in New York City, N.Y., on June 28, 2021. (Andrew Kelly/Reuters)

Wall Street’s main indexes opened mixed on Thursday, with banking and energy shares leading gains, while interest rate-sensitive growth names remained under pressure from the Federal Reserve’s hawkish signals.

The Dow Jones Industrial Average rose 1.94 points, or 0.01 percent, at the open to 36,409.05. The S&P 500 opened lower by 7.19 points, or 0.15 percent, at 4,693.39, while the Nasdaq Composite dropped 76.02 points, or 0.50 percent, to 15,024.15 at the opening bell.