Market Indices Tumble Amid Economic Concerns

Wall Street's main indices opened lower due to renewed concerns regarding the U.S. economy. The Dow Jones dropped 64.87 points, or 0.16%, the S&P 500 fell by 22.25 points, or 0.40%, and the Nasdaq Composite plunged 120.58 points, or 0.70%, as investors await upcoming labor data.

Wall Street's main indexes opened lower on Wednesday as fresh worries over the health of the U.S. economy kept investors on the sidelines in the run-up to labor data.

The Dow Jones Industrial Average fell 64.87 points, or 0.16%, at the open to 40,872.06. The S&P 500 opened lower by 22.25 points, or 0.40%, at 5,506.68, while the Nasdaq Composite dropped 120.58 points, or 0.70%, to 17,015.71 at the opening bell.