
Stocks open lower on Wall Street, giving back some of rally
NEW YORK (AP) — Stocks are opening lower on Wall Street Thursday, giving up some of the big gains they made a day earlier. Technology companies were leading the declines. The S&P 500 lost 1.1% in the early going, while the techheavy Nasdaq gave back 1.7%. The S&P 500 had its biggest gain in two years a day earlier on relief that the Federal Reserve wasn’t considering even bigger interest rate hikes than it was already doing. Twitter rose after Tesla CEO Elon Musk said he had secured more backing for his bid to take over the company. Etsy fell sharply after giving a weak forecast.