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Wall Street opens lower on prospects of Democrat-controlled Senate

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Business Futures tracking the Nasdaq 100 index fell more than 1per cent on Wednesday as investors priced in the prospect of Democrats winning both races in a Senate run-off election in Georgia that will determine the balance of power in Washington.


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FILE PHOTO: The U.S. flag covers the front facade of the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 9, 2020. REUTERS/Brendan McDermid
06 Jan 2021 08:30PM (Updated: 06 Jan 2021 10:40PM) [h=2]Share this content[/h]
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REUTERS: Wall Street's main indexes opened lower on Wednesday as the likelihood of Democrats gaining control of the Senate sparked fears of increased regulatory scrutiny of technology mega-caps.
The Dow Jones Industrial Average fell 28.8 points, or 0.09per cent, at the open to 30362.78. The S&P 500 fell 14.7 points, or 0.39per cent, to 3712.2? and the Nasdaq Composite dropped 152.8 points, or 1.19per cent, to 12666.15.
AdvertisementAdvertisement(Reporting by Devik Jain in Bengaluru; Editing by Anil D'Silva)

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