Wall Street opens down 1%, weighed by tech shares

US stock indices opened the first session of the week lower, with Facebook leading the tech sector - and Wall Street sharply down, after reports of misuse of data for millions of users, leading to Facebook's worst performance in 16 months, down 6%. 

Federal Reserve Bank of Atlanta President Raphael Bostic spoke about the future of community development at the National Interagency Community Reinvestment Conference, in Miami, earlier today, while markets await the Federal Reserve Open Market Committee's policy meeting this week, at which policymakers are expected to hike interest rates by 25 basis points. 

As of 02:35 GMT, Standard and Poor's 500 fell 0.68%, or 18.81 points to 2,733.20, while Dow Jones declined 0.68%, or 168.62 points to 24,777.89. 

Tech-heavy NASDAQ fell 1.08%, or 80.99 points to 7,400.99.