Stock Market News

Wall Street opens lower as Big Tech results roll in; Fed in focus

2023.07.26 09:59


© Reuters. FILE PHOTO: Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. REUTERS/Mike Segar/File Photo

(Reuters) – Wall Street’s top indexes opened lower on Wednesday as investors assessed mixed earnings from Microsoft (NASDAQ:) and Alphabet (NASDAQ:) ahead of a Federal Reserve rate hike that could push borrowing costs to their highest since the global financial crisis.

The fell 92.08 points, or 0.26%, at the open to 35,345.99.

The opened lower by 8.50 points, or 0.19%, at 4,558.96, while the dropped 21.03 points, or 0.15%, to 14,123.52 at the opening bell.

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