Wall Street Opens Lower as Microsoft Offsets Oil Relief

Wall Street Opens Lower as Microsoft Offsets Oil Relief
A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, on May 18, 2022. Andrew Kelly/Reuters
Reuters
Updated:

U.S. stock indexes opened lower on Thursday as shares of Microsoft fell after the company lowered its profit forecast, offsetting relief from a pullback in oil prices that eased worries about rising inflation.

The Dow Jones Industrial Average fell 4.22 points, or 0.01 percent, at the open to 32,809.01.

The S&P 500 opened lower by 5.82 points, or 0.14 percent, at 4,095.41, while the Nasdaq Composite dropped 48.89 points, or 0.41 percent, to 11,945.57 at the opening bell.