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Wall St opens lower as bank stocks drop

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© Reuters. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 6, 2023. REUTERS/Brendan McDermid

(Reuters) – U.S. stock indexes opened lower on Friday dragged down by bank stocks, while investors weighed cooling February wage growth data to determine future interest rate hikes from the Federal Reserve.

The fell 69.72 points, or 0.22%, at the open to 32,185.14. The opened lower by 5.55 points, or 0.14%, at 3,912.77, while the dropped 12.99 points, or 0.11%, to 11,325.36 at the opening bell.

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