US: Wall Street opens lower as Big Tech results roll in; Fed in focus

WALL Street’s top indexes opened lower on Wednesday (Jul 26) as investors assessed mixed earnings from Microsoft and Alphabet ahead of a Federal Reserve rate hike that could push borrowing costs to their highest since the global financial crisis.

The Dow Jones Industrial Average fell 92.08 points, or 0.26 per cent, at the open to 35,345.99.

The S&P 500 opened lower by 8.50 points, or 0.19 per cent, at 4,558.96, while the Nasdaq Composite dropped 21.03 points, or 0.15 per cent, to 14,123.52 at the opening bell. REUTERS