Salem Radio Network News Friday, October 22, 2021

Business

Wall St opens lower as Evergrande worries persist; Nike drops

(Reuters) – U.S. stock indexes opened lower on Friday following a strong two-day rally, as worries persisted about the spillover from debt-laden China Evergrande, while Nike tumbled after cutting its sales forecast.

The Dow Jones Industrial Average fell 2.51 points, or 0.01%, at the open to 34,762.31.

The S&P 500 opened lower by 10.94 points, or 0.25%, at 4,438.04, while the Nasdaq Composite dropped 90.63 points, or 0.60%, to 14,961.62 at the opening bell.

(Reporting by Devik Jain in Bengaluru; Editing by Shounak Dasgupta)

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