Economic news
Wall Street opens lower as Microsoft offsets oil relief
2022.06.02 16:56
FILE PHOTO: A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., May 18, 2022. REUTERS/Andrew Kelly
(Reuters) – U.S. stock indexes opened lower on Thursday as shares of Microsoft (NASDAQ:MSFT) 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%, at the open to 32,809.01.
The S&P 500 opened lower by 5.82 points, or 0.14%, at 4,095.41, while the Nasdaq Composite dropped 48.89 points, or 0.41%, to 11,945.57 at the opening bell.
