Wall Street opens lower as tech sector lags

US stock indices opened the last session of the week lower, with the tech sector dragging NASDAQ down after Nvidia's forecasts for current quarter results disappointed investors due to lower demand on crypto mining machines, while higher crude prices buoyed energy shares in Dow Jones, S&P 500. 

Otherwise, the University of Michigan released its consumer sentiment survey for August, showing an unexpected drop to 95.3 from 97.9 in July, while analysts estimated 98.1. 

An index that combines 10 different economic indicators into a single one rose 0.6% in July, up from 0.5% in June, and beating estimates of 0.4%.  

Stock Performance 

As of 02:23 GMT, Standard and Poor's 500 fell 0.17%, or 4.92 points to 2,835.77, while Dow Jones shed 0.08%, or 21.12 points to 25,537.61.  

Tech-heavy NASDAQ declined 0.53%, or 41.56 points to 7,764.97.