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Wall St opens lower as chip-equipment, auto stocks fall
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(Reuters) — Wall Street's main indexes opened lower on Friday as shares of Ford (NYSE:F) and General Motors (NYSE:GM) as well as chip-equipment makers fell, though optimism over a likely pause in U.S. interest-rate hikes supported investor sentiment.
The Dow Jones Industrial Average fell 5.07 points, or 0.01%, at the open to 34,902.04. The S&P 500 opened lower by 7.12 points, or 0.16%, at 4,497.98, while the Nasdaq Composite dropped 36.85 points, or 0.26%, to 13,889.20 at the opening bell.
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