Wall Street slides at open as investors assess results from big banks

Wall Street’s main indexes fell at the open on Wednesday (Jan 14) as investors digested earnings from Bank of America and Citigroup, while retail sales and producer price data did little to alter expectations for interest-rate cuts later this year.

The Dow Jones Industrial Average fell 103.7 points, or 0.21 per cent, at the open to 49088.25.

The S&P 500 fell 26.3 points, or 0.38 per cent, to 6937.41, while the Nasdaq Composite dropped 146.0 points, or 0.62 per cent, to 23563.916. REUTERS

Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.