Salem Radio Network News Saturday, October 1, 2022

Business

Wall St steady at open as investors assess Fed minutes

(Reuters) – Wall Street’s main indexes were subdued at the open on Thursday, with investors seeking fresh signals for future rate hikes after minutes from the Federal Reserve’s July meeting suggested a less aggressive monetary policy tightening path.

The Dow Jones Industrial Average rose 1.54 points at the open to 33,981.86.

The S&P 500 opened lower by 0.91 points, or 0.02%, at 4,273.13, while the Nasdaq Composite dropped 0.34 points to 12,937.79 at the opening bell.

(Reporting by Bansari Mayur Kamdar in Bengaluru; Editing by Shounak Dasgupta)

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