US: S&P 500, Nasdaq open lower as trade-fueled rally pauses

[NEW YORK] The S&P 500 and Nasdaq indexes opened slightly lower on Friday after a record run this week fueled by rising hopes of a US-China trade truce and an upbeat corporate earnings season.

The S&P 500 opened lower by 3.93 points, or 0.13 per cent, at 3,081.25. The Nasdaq Composite dropped 11.85 points, or 0.14 per cent, to 8,422.67 at the opening bell.

The Dow Jones Industrial Average, however, rose 11.40 points, or 0.04 per cent, at the open to 27,686.20.

REUTERS