Wall Street Opens Lower on Intel Warning, Inflation Data Limits Fall
Wall Street’s main indexes opened lower on Friday 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 percent, at 4,053.72, while the Nasdaq Composite dropped 41.94 points, or 0.36 percent, to 11,470.47 at the opening bell.
The Dow Jones Industrial Average rose 3.52 points, or 0.01 percent, at the open to 33,952.93.
