US stock market opened in the red. (Source: Freepik) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The major Wall Street indices extended their losses in early trade on Friday as investors continued to sell amid apprehensions over the US Federal Reserve's projected rate cut in December.

The tech-heavy Nasdaq composite fell 1.05% at open as IT and tech giants like Nvidia Inc., Palantir Technologies Inc., Amazon.com Inc., Meta Platforms Inc., Intel Corp., Microsoft Corp. and Apple Inc. weighed on the index.

The wider index, S&P 500, opened 0.87% lower at 6,678.68, and Dow Jones Industrial Average fell 1.09% to 46,940.93.

At open Nvidia fell 1.14% while Palantir declined nearly 2%. Later Nvidia erased losses to trade 0.49% lower at $186 and Palantir traded 0.23% lower at

See Full Page