Wall St opens lower as Fed's taper talks drag down tech shares

FILE PHOTO: The New York Stock Exchange is pictured in the Manhattan borough of New York City, New York, U.S., April 16, 2021. REUTERS/Carlo Allegri/File Photo

(Reuters) – Weakness in tech shares pulled Wall Street lower at the open on Thursday after the Federal Reserve signaled it could start tapering its stimulus earlier than expected, piling pressure on a sector that is seen as vulnerable to higher interest rates.

The Dow Jones Industrial Average fell 19.3 points, or 0.06%, at the open to 34014.38. The S&P 500 fell 3.3 points, or 0.08%, at the open to 4220.37, while the Nasdaq Composite dropped 40.6 points, or 0.29%, to 13999.126 at the opening bell.

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