Wall Street Opens Lower as Rate Hike Worries Slam Growth Stocks

By Reuters
Reuters
Reuters
August 22, 2022 Updated: August 22, 2022

Wall Street’s main indexes opened lower on Monday, with the tech-heavy Nasdaq leading losses, as investors worried about hawkish signals from U.S. Federal Reserve policymakers in the face of slowing economic growth.

The Dow Jones Industrial Average fell 120.15 points, or 0.36 percent, at the open to 33,586.59.

The S&P 500 opened lower by 33.40 points, or 0.79 percent, at 4,195.08, while the Nasdaq Composite dropped 182.05 points, or 1.43 percent, to 12,523.16 at the opening bell.

Reuters