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Wall St opens lower as rate hike worries slam growth stocks

admin2022-08-299

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BENGALURU: Wall Street's main indexes opened lower on Monday, with the tech-heavy Nasdaq leading losses, as investors worried about hawkish signals from U.S. Federal Reserve policymakers in the face of slowing economic growth.

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The Dow Jones Industrial Average fell 120.15 points, or 0.36%, at the open to 33,586.59.

The S&P 500 opened lower by 33.40 points, or 0.79%, at 4,195.08, while the Nasdaq Composite dropped 182.05 points, or 1.43%, to 12,523.16 at the opening bell.


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