US: Wall Street opens lower as tech stocks slide

[NEW YORK] Wall Street's main indexes opened lower on Friday as big technology stocks tumbled, reeling from the Federal Reserve's decision to end its pandemic-era stimulus faster, which pushed investors towards cyclical parts of the market.

The Dow Jones Industrial Average fell 97.53 points or 0.27 per cent at the open to 35,800.11.

The S&P 500 opened lower by 16.17 points or 0.35 per cent at 4,652.50, while the Nasdaq Composite dropped 143.66 points or 0.95 per cent to 15,036.77 at the opening bell.

REUTERS