Wall Street opens lower after five-day surge

(Reuters) - U.S. stocks fell at the open on Friday after rallying for the past five sessions on hopes of a resolution in the U.S.-China trade dispute and assurances from the Federal Reserve that it would be patient on interest rate hikes.

The Dow Jones Industrial Average <.DJI> fell 61.91 points, or 0.26 percent, at the open to 23,940.01. The S&P 500 <.SPX> opened lower by 8.53 points, or 0.33 percent, at 2,588.11. The Nasdaq Composite <.IXIC> dropped 38.61 points, or 0.55 percent, to 6,947.46 at the opening bell.

(Reporting by Sruthi Shankar in Bengaluru; Editing by Shounak Dasgupta)

01/11/2019 9:33

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