Salem Radio Network News Tuesday, December 6, 2022

Business

Wall Street opens lower on growing economic downturn worries

(Reuters) – U.S. stock indexes opened lower on Thursday as worries of a global economic downturn from aggressive central bank rate hikes and risks of potential contagion from a turmoil in UK markets turned investors risk averse.

The Dow Jones Industrial Average fell 170.0 points, or 0.57%, at the open to 29,513.73. The S&P 500 fell 32.0 points, or 0.86%, at the open to 3,687.01‚Äč, while the Nasdaq Composite dropped 157.2 points, or 1.42%, to 10,894.436 at the opening bell.

(Reporting by Ankika Biswas in Bengaluru; Editing by Arun Koyyur)

Previous
Next

Editorial Cartoons

View More »

Gary Varvel
Thu, Dec 1, 2022

X CLOSE