Wall Street opens lower after three-day rally

Markets Reuters

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S. September 22, 2016. REUTERS/Brendan McDermid (Copyright Reuters 2016)

Wall Street opened lower on Friday as investors take a breather after a three-day rally that was spurred by optimism that the Federal Reserve will continue to hold off from raising interest rates in the near term.

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The Dow Jones industrial average fell 37.63 points, or 0.2 percent, to 18,354.83, the S&P 500 lost 5.35 points, or 0.25 percent, to 2,171.83 and the Nasdaq composite dropped 12.30 points, or 0.23 percent, to 5,327.23.

(Reporting by Tanya Agrawal)