Wall Street opens lower, dragged down by tech

US stock indices opened the fourth session of this week lower, moving away from recent record highs, with the tech sector leading the decline lower as the third-quarter earnings season starts in earnest for major American banks and corporations, while President Donald Trump is scheduled to meet with Federal Reserve Chair Janet Yellen later today.

Earlier US data showed unemployment claims down to 222 thousand from 244 thousand, below expectations of 240K, while the Philly manufacturing index jumped to 27.9 in October from 23.8 in September, besting expectations of 21.9. 

As of 03:32 GMT, Standard and Poor's 500 shed 0.35%, or 8.78 points to 2,552.48, while Dow Jones declined 0.33%, or 76.29 points to 23,081.31.

Tech-heavy NASDAQ slid 0.75%, or 48.65 points to 6,575.57.