Tech-heavy Nasdaq leads Wall St lower at open

Aug 19 (Reuters) – Major Wall Street indices opened lower on Friday after US Federal Reserve officials said the central bank must continue to raise interest rates to curb inflation, dragging growth down of megacaps and technology stocks.

The Dow Jones Industrial Average (.DJI) fell 94.35 points, or 0.28%, to open at 33,904.69.

The S&P 500 (.SPX) opened down 17.43 points, or 0.41%, to 4,266.31, while the Nasdaq Composite (.IXIC) fell 133.07 points, or 1.03%, to 12,832.27 to the opening bell.

Reporting of Bansari Mayur Kamdar in Bengaluru

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