Salem Radio Network News Wednesday, September 28, 2022

Business

Tech-heavy Nasdaq leads Wall St lower at open

(Reuters) – Wall Street’s main indexes opened lower on Friday after U.S. Federal Reserve officials said the central bank needs to keep raising interest rates to rein in inflation, dragging down megacap growth and technology stocks.

The Dow Jones Industrial Average fell 94.35 points, or 0.28%, at the open to 33,904.69.

The S&P 500 opened lower by 17.43 points, or 0.41%, at 4,266.31, while the Nasdaq Composite dropped 133.07 points, or 1.03%, to 12,832.27 at the opening bell.

(Reporting by Bansari Mayur Kamdar in Bengaluru)

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