Wall St. opens lower after J&J vaccine data

FILE PHOTO: Traders wearing masks work,on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020. REUTERS/Brendan McDermid/File Photo

(Reuters) – Wall Street’s main indexes opened lower on Friday after COVID-19 vaccine data from Johnson & Johnson hurt sentiment and added to worries over a growing standoff between hedge funds and retail investors.

The Dow Jones Industrial Average fell 49.5 points, or 0.16%, at the open to 30553.91, the S&P 500 fell 9.3 points, or 0.25%, at the open to 3778.05, while the Nasdaq Composite dropped 52.4 points, or 0.39%, to 13284.719 at the opening bell.

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