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US: Wall St opens lower as tech stocks fall

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US stock indexes opened lower on Wednesday as technology stocks declined on concerns over stretched valuations and the impact of a US tax reform on corporate earnings.

[NEW YORK] US stock indexes opened lower on Wednesday as technology stocks declined on concerns over stretched valuations and the impact of a US tax reform on corporate earnings.

The Dow Jones Industrial Average fell 11.75 points, or 0.05 per cent, to 24,168.89. The S&P 500 lost 3.81 points, or 0.144891 per cent, to 2,625.76. The Nasdaq Composite dropped 20.75 points, or 0.31 per cent, to 6,741.46.

REUTERS

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