US STOCKS SNAPSHOT-Wall St opens lower as chip stocks fall, Powell in focus

Wall Street opened lower on Wednesday, pressured by a report the U.S. could curb sales of artificial intelligence (AI) chips to China, while investors awaited Federal Reserve Chair Jerome Powell's speech for clues on the interest rate outlook.

The Dow Jones Industrial Average fell 45.36 points, or 0.13%, at the open to 33,881.38. The S&P 500 opened lower by 10.93 points, or 0.25%, at 4,367.48, while the Nasdaq Composite dropped 49.66 points, or 0.37%, to 13,506.02 at the opening bell.