Wall Street Opens Lower as Bank Stocks Drop

Wall Street Opens Lower as Bank Stocks Drop
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on March 6, 2023. Brendan McDermid/Reuters
Reuters
Updated:

U.S. stock indexes opened lower on Friday dragged down by bank stocks, while investors weighed cooling February wage growth data to determine future interest rate hikes from the Federal Reserve.

The Dow Jones Industrial Average fell 69.72 points, or 0.22 percent, at the open to 32,185.14. The S&P 500 opened lower by 5.55 points, or 0.14 percent, at 3,912.77, while the Nasdaq Composite dropped 12.99 points, or 0.11 percent, to 11,325.36 at the opening bell.