US: Wall St opens lower on hawkish Fed, tepid earnings

[NEW YORK] US stocks opened lower on Thursday, weighed down by a string of lackluster earnings and after the Federal Reserve raised its inflation outlook.

The Dow Jones Industrial Average fell 96.04 points, or 0.37 per cent, to 26,053.35. The S&P 500 lost 5.29 points, or 0.18 per cent, to 2,818.52. The Nasdaq Composite dropped 23.54 points, or 0.32 per cent, to 7,387.94.

REUTERS