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Wall St opens lower as Amazon drags, inflation worries persist

2023-04-28T13:34:14Z

Wall Street’s main indexes opened lower on Friday after Amazon warned about a slowdown in its cloud business, while strong inflation data cemented bets that the Federal Reserve will hike interest rates again next week.

The Dow Jones Industrial Average (.DJI) fell 28.73 points, or 0.08%, at the open to 33,797.43. The S&P 500 (.SPX) opened lower by 5.72 points, or 0.14%, at 4,129.63, while the Nasdaq Composite (.IXIC) dropped 24.69 points, or 0.20%, to 12,117.54 at the opening bell.

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Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., April 10, 2023. REUTERS/Brendan McDermid

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., April 19, 2023. REUTERS/Brendan McDermid/File Photo