Wall Street dragged lower by tech at the open

US stock indices opened lower but not far from recent record highs, amidst the earnings season for major American banks and corporations, and after earlier data showed GDP growth accelerating to 2.6% in the second quarter. 

Amazon led the tech sector lower on Wall Street, while concerns mount over president Donald Trump's ability to carry out his campaign promises and economic reforms after Republicans failed to pass a repeal bill in Congress for the Affordable Care Act, widely known as Obamacare. 

Other data showed the employment cost index slowing down in the second quarter more than expected, while the final reading for UoM consumer sentiment survey rose past expectations, as economic outlook and conditions indices rose as well last month in the same survey.

As of 04:30 GMT, Standard and Poor's 500 rose 0.30%, or 7.37 points to 2,468.05, while Dow Jones shed 0.08%, or 18.34 points to 21,778.21. 

Tech-heavy NASDAQ slid 0.31%, or 20.03 points to 6,362.11.