Wall Street drops at open as tech stocks slide, COVID cases jump

A nearly empty trading floor is seen as preparations are made for the return to trading at the New York Stock Exchange (NYSE) in New York, U.S., May 22, 2020. REUTERS/Brendan McDermid/File Photo

(Reuters) – Wall Street’s main indexes fell at the open on Friday triggered by a selloff in tech heavyweights following their underwhelming business updates, with a record rise in coronavirus cases and nerves over the presidential election adding to a downbeat mood.

The Dow Jones Industrial Average fell 86.84 points, or 0.33%, at the open to 26,572.27.

The S&P 500 opened lower by 15.85 points, or 0.48%, at 3,294.26, while the Nasdaq Composite dropped 82.12 points, or 0.73%, to 11,103.47 at the opening bell.

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