US: Wall St opens lower as chip-equipment, auto stocks fall

WALL Street’s main indexes opened lower on Friday (Sep 15) as shares of Ford and General Motors as well as chip-equipment makers fell, though optimism over a likely pause in US interest-rate hikes supported investor sentiment.

The Dow Jones Industrial Average fell 5.07 points, or 0.01 per cent, at the open to 34,902.04. The S&P 500 opened lower by 7.12 points, or 0.16 per cent, at 4,497.98, while the Nasdaq Composite dropped 36.85 points, or 0.26 per cent, to 13,889.20 at the opening bell. REUTERS