US: Wall St opens lower on Intel warning, inflation data limits fall

WALL STREET’S main indexes opened lower on Friday (Jan 27) after Intel’s bleak outlook dragged chipmakers lower, though data showing easing inflation spurred hopes of a policy shift from the Federal Reserve, helping limit losses.

The S&P 500 opened lower by 6.71 points, or 0.17 per cent, at 4,053.72, while the Nasdaq Composite dropped 41.94 points, or 0.36 per cent, to 11,470.47 at the opening bell.

The Dow Jones Industrial Average rose 3.52 points, or 0.01 per cent, at the open to 33,952.93. REUTERS