Wall Street’s main indexes opened lower on Tuesday as financial stocks dropped after Moody’s cut credit ratings of several small- to mid-sized U.S. banks and said it could downgrade some of the country’s biggest lenders.
The Dow Jones Industrial Average fell 127.73 points, or 0.36 percent, at the open to 35,345.40.
The S&P 500 opened lower by 20.41 points, or 0.45 percent, at 4,498.03, while the Nasdaq Composite dropped 118.95 points, or 0.85 percent, to 13,875.45 at the opening bell.
