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Wall Street subdued at open ahead of U.S. business surveys

The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City
FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City

BY MEDHA SINGH

U.S. stocks opened little changed on Friday following the tech-heavy Nasdaq’s all-time high in the previous session as focus shifted to business surveys for more cues on the economic recovery.

The Nasdaq Composite <.IXIC> dropped 6.51 points, or 0.06%, to 11,258.45 at the opening bell.

The Dow Jones Industrial Average <.DJI> rose 18.40 points, or 0.07%, at the open to 27,758.13. The S&P 500 <.SPX> opened higher by 0.50 points, or 0.01%, at 3,386.01.