Wall Street opens lower in the face of technological decline

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Wall Street opens lower in the face of technological decline




IMAGE FROM FILE. The United States flag is seen on a building on Wall Street in the financial district of New York, USA.


© Reuters/BRENDAN MCDERMID
IMAGE FROM FILE. The United States flag is seen on a building on Wall Street in the financial district of New York, USA.


Feb 24 (Reuters) – US stocks fell at the open on Wednesday as investors feared some stocks were inflated, while cyclical stocks rallied on expectations of an economic rebound.

* The Nasdaq Composite fell 64.9 points, or 0.48%, to 13,400.254 points, posting a six-day losing streak in seven sessions.

* The Dow Jones Industrial Average fell 37.6 points, or 0.12%, to 31,499.75 units and the S&P 500 lost 7.7 points, or 0.20%, to 3,873.71 units.

(Report by Devik Jain in Bengaluru; Edited in Spanish by Janisse Huambachano)

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