US STOCKS SNAPSHOT-Wall Street opens lower on rate hike worries
by Reuters
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May 12 (Reuters) – Wall Street’s main indexes opened lower on Thursday, led by growth stocks, as investors worried that aggressive interest rate increases to curb decades-high inflation could tip the economy into recession.
The Dow Jones Industrial Average .DJI fell 135.07 points, or 0.42%, at the open to 31,699.04. The S&P 500 .SPX opened lower by 31.23 points, or 0.79%, at 3,903.95, while the Nasdaq Composite .IXIC dropped 164.98 points, or 1.45%, to 11,199.25 at the opening bell.
(Reporting by Amruta Khandekar in Bengaluru; Editing by Arun Koyyur)
This article originally appeared on reuters.com