Dow Jones opens lower as big banks kick off earnings

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 US lenders.

The Dow Jones Industrial Average fell 185.7 points, or 0.60%, at the open to 30,806.51. The S&P 500 fell 13.8 points, or 0.35%, at the open to 3,782.31, while the Nasdaq Composite gained 11.7 points, or 0.08%, to 13,124.36 at the opening bell.