Salem Radio Network News Sunday, May 22, 2022

Business

Wall Street opens lower as Netflix disappoints

(Reuters) – Wall Street’s main indexes opened lower on Friday and were on course for their at least third straight week of declines, after a weak forecast from Netflix sent shares of the streaming company and its peers spiraling down.

The Dow Jones Industrial Average fell 13.70 points, or 0.04%, at the open to 34,701.69. The S&P 500 opened lower by 11.35 points, or 0.25%, at 4,471.38, while the Nasdaq Composite dropped 107.80 points, or 0.76%, to 14,046.22 at the opening bell.

(Reporting by Bansari Mayur Kamdar in Bengaluru; Editing by Maju Samuel)

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