Economy

Wall St opens lower as Fed’s taper talks drag down tech shares

Economy13 minutes ago (Jun 17, 2021 09:41AM ET)4Wall St opens lower as Fed's taper talks drag down tech shares© Reuters. FILE PHOTO: The New York Stock Exchange is pictured in the Manhattan borough of New York City, New York, U.S., April 16, 2021. REUTERS/Carlo Allegri/File Photo

(Reuters) – Weakness in tech shares pulled Wall Street lower at the open on Thursday after the Federal Reserve signaled it could start tapering its stimulus earlier than expected, piling pressure on a sector that is seen as vulnerable to higher interest rates.

The Dow Jones Industrial Average fell 19.3 points, or 0.06%, at the open to 34014.38. The S&P 500 fell 3.3 points, or 0.08%, at the open to 4220.37, while the Nasdaq Composite dropped 40.6 points, or 0.29%, to 13999.126 at the opening bell.Wall St opens lower as Fed’s taper talks drag down tech shares4Comments (4)

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s