Salem Radio Network News Monday, August 8, 2022

Business

Wall Street opens flat with focus on Fed meeting minutes

(Reuters) – Wall Street’s main indexes were subdued at the open on Wednesday as investors awaited minutes from the Federal Reserve’s meeting last month for clues on the health of the economy and the pace of interest rate hikes to combat high inflation.

The Dow Jones Industrial Average fell 10.52 points, or 0.03%, at the open to 30,957.30.The S&P 500 opened higher by 0.59 points, or 0.02%, at 3,831.98, while the Nasdaq Composite gained 15.66 points, or 0.14%, to 11,337.90 at the opening bell.

(Reporting by Amruta Khandekar in Bengaluru; Editing by Maju Samuel)

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