US STOCKS SNAPSHOT-Wall Street opens lower on rate-hike, recession fears


Reuters | Updated: 26-09-2022 19:02 IST | Created: 26-09-2022 19:02 IST
US STOCKS SNAPSHOT-Wall Street opens lower on rate-hike, recession fears

Wall Street's main indexes opened lower on Monday as investors worried that the Federal Reserve's aggressive push to curb inflation may tip the country's economy into recession.

The Dow Jones Industrial Average fell 53.57 points, or 0.18%, at the open to 29,536.84.

The S&P 500 opened lower by 10.51 points, or 0.28%, at 3,682.72, while the Nasdaq Composite dropped 34.54 points, or 0.32%, to 10,833.38 at the opening bell.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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