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© Reuters. FILE PHOTO: A woman stands in front of the logo of Snap Inc on the floor of the New York Stock Exchange (NYSE) in New York City, NY, U.S. March 2, 2017. REUTERS/Lucas Jackson
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© Reuters. FILE PHOTO: A woman stands in front of the logo of Snap Inc on the floor of the New York Stock Exchange (NYSE) in New York City, NY, U.S. March 2, 2017. REUTERS/Lucas Jackson
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(Reuters) – Wall Street’s main indexes opened lower on Friday as Snap Inc (NYSE:)’s forecast of no revenue growth in the lucrative holiday quarter sparked a selloff in social media companies, with galloping U.S. Treasury yields adding to the losses.
Meanwhile, a report on Federal Reserve officials to likely debate how to signal plans to approve a smaller increase in December limited the losses.
The fell 42.4 points, or 0.14%, at the open to 30,291.18. The fell 8.7 points, or 0.24%, at the open to 3,657.1, while the dropped 38.8 points, or 0.37%, to 10,576.037 at the opening bell.
