US stocks opened lower on Thursday on concerns the Federal Reserve could begin to rein in its massive monetary stimulus, while commodity-linked stocks sank as oil and metal prices tumbled to multi-month lows.
The Dow Jones Industrial Average fell 86.02 points, or 0.25%, at the open to 34,874.67.
The S&P 500 opened lower by 17.83 points, or 0.41%, at 4,382.44. The Nasdaq Composite dropped 102.75 points, or 0.71%, to 14,423.16 at the opening bell.
Banks and industrial companies posted some of the biggest losses, and energy companies were also falling along with another drop in the price of crude oil, which was off 2.8% in early trading. Robinhood sank 9.1% as traders worried that the booming growth at the popular online brokerage app could slow down, and Macy’s rose 6% after issuing a strong forecast.
