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SNAPSHOT Wall St opens lower after bank results

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Traders work on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 5, 2023. REUTERS/Andrew Kelly

Wall Street’s main indexes opened lower on Friday as remarks from executives of major U.S. banks deepened concerns about a slowdown in economic growth, while a slump in Tesla’s shares also pressured the Nasdaq.

The Dow Jones Industrial Average (.DJI) fell by 257.18 points, or 0.75%, at the open to 33932.79.

The S&P 500 (.SPX) opened lower by 22.57 points, or 0.57%, at 3,960.60, while the Nasdaq Composite (.IXIC) dropped 94.74 points, or 0.86%, to 10,906.37 at the opening bell.