US: Wall Street opens lower as rotation out of megacaps weighs

[BENGALURU] Wall Street's main indices opened lower on Tuesday as investors continued to move out of megacap growth stocks and into companies that are expected to benefit from the reopening of economies.

The Dow Jones Industrial Average fell 33.03 points or 0.10 per cent at the open to 34,080.20.

The S&P 500 opened lower by 13.62 points or 0.32 per cent at 4,179.04, while the Nasdaq Composite dropped 120.61 points or 0.87 per cent to 13,774.51 at the opening bell.

REUTERS