Wall Street Slides at Open After Mixed Results From Big Banks

By Reuters
Reuters
Reuters
January 14, 2022 Updated: January 14, 2022

Wall Street’s main indexes opened down on Friday as banking heavyweights JPMorgan, Wells Fargo, and Citigroup kicked off the fourth-quarter earnings season with mixed results, while big technology companies extended losses after a bruising selloff.

The Dow Jones Industrial Average fell 117.19 points, or 0.32 percent, at the open to 35,996.43. The S&P 500 opened lower by 21.04 points, or 0.45 percent, at 4,637.99, while the Nasdaq Composite dropped 98.79 points, or 0.67 percent, to 14,708.02 at the opening bell.

Reuters