Wall Street Opens Lower as Weak Earnings Updates Dent Sentiment

Wall Street Opens Lower as Weak Earnings Updates Dent Sentiment
A trader works on the trading floor at the New York Stock Exchange (NYSE) in New York City on Dec. 14, 2022. Andrew Kelly/Reuters
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Wall Street’s main indexes opened lower on Wednesday as downbeat quarterly updates from Microsoft and Boeing added to fears of a recession, with technology shares leading the declines.

The Nasdaq Composite dropped 187.74 points, or 1.66 percent, to 11,146.53 at the opening bell.