Wall Street Opens Lower After Strong Jobs Data; Apple, Tesla Weigh

Wall Street Opens Lower After Strong Jobs Data; Apple, Tesla Weigh
A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, on May 20, 2022. Andrew Kelly/Reuters
Reuters
Updated:

U.S. stock indexes opened lower on Friday, dragged down by shares of Tesla and Apple, while a solid jobs report fanned worries over tighter monetary policy and soaring inflation.

The Dow Jones Industrial Average fell 261.96 points, or 0.79 percent, at the open to 32,986.32. The S&P 500 opened lower by 39.25 points, or 0.94 percent, at 4,137.57, while the Nasdaq Composite dropped 219.78 points, or 1.78 percent, to 12,097.12 at the opening bell.