Wall Street Opens Lower on Rate Hike Worries

Wall Street Opens Lower on Rate Hike Worries
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on Oct. 14, 2022. Brendan McDermid/Reuters
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Wall Street’s main indexes opened lower on Thursday as yields climbed against the backdrop of worries that the U.S. Federal Reserve’s rate-hike cycle is far from over, despite hints of smaller rate increases in the future.

The Dow Jones Industrial Average fell 162.71 points, or 0.51 percent, at the open to 31,985.05.