Wall Street opens lower after Biden's stimulus plan raises tax concerns

Wall Street's main indexes opened lower on Friday as incoming President Joe Biden's $1.9 trillion stimulus plan sparked fears of an increase in taxes, while investors parsed quarterly reports from major U.S. lenders.

The Dow Jones Industrial Average fell 64.7 points, or 0.21%, at the open to 30926.77. The S&P 500 fell 6.8 points, or 0.18%, at the open to 3788.73​, while the Nasdaq Composite dropped 12.7 points, or 0.10%, to 13099.895 at the opening bell.