Wall St opens lower on Intel warning, inflation data limits fall

Wall St opens lower on Intel warning, inflation data limits fall

(Reuters) – Wall Street‘s main indexes opened lower on Friday after Intel’s bleak outlook dragged chipmakers lower, though data showing easing inflation spurred hopes of a policy shift from the Federal Reserve, helping limit losses. The S&P 500 opened lower by 6.71 points, or 0.17%, at 4,053.72, while the Nasdaq Composite dropped 41.94 points, or 0.36%, to 11,470.47 at the opening bell.

The Dow Jones Industrial Average rose 3.52 points, or 0.01%, at the open to 33,952.93.

(Reporting by Shreyashi Sanyal in Bengaluru; Editing by Vinay Dwivedi)

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