Money
Wall Street opens lower on rate-hike, recession fears
Monday, 26 Sep 2022 10:14 PM MYT
NEW YORK, Sept 26 — Wall Street’s main indexes opened lower today 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 per cent, at the open to 29,536.84.
The S&P 500 opened lower by 10.51 points, or 0.28 per cent, at 3,682.72, while the Nasdaq Composite dropped 34.54 points, or 0.32 per cent, to 10,833.38 at the opening bell. — Reuters
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