Wall Street Opens Lower as Debt Ceiling Talks Remain Deadlocked

Wall Street Opens Lower as Debt Ceiling Talks Remain Deadlocked
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City on May 22, 2023. (Brendan McDermid/Reuters)
Reuters
5/23/2023
Updated:
5/23/2023

Wall Street’s main indexes opened lower on Tuesday as another round of inconclusive talks over increasing the U.S. debt limit raised the spectre of an unprecedented government default.

The Dow Jones Industrial Average (.DJI) fell 95.98 points, or 0.29 percent, at the open to 33,190.60.

The S&P 500 (.SPX) opened lower by 15.83 points, or 0.38 percent, at 4,176.80, while the Nasdaq Composite (.IXIC) dropped 67.90 points, or 0.53 percent, to 12,652.88 at the opening bell.