Wall Street Opens Lower as Recession Worries Mount

A 'Wall St' sign is seen above two 'One Way' signs in New York, on Aug. 24, 2015. (Lucas Jackson/Reuters)

Wall Street’s main indexes opened lower on Wednesday as warnings of a looming recession from major Wall Street bankers offset optimism around China relaxing its strict zero-COVID rules.

The Dow Jones Industrial Average fell 39.9 points, or 0.12 percent, at the open to 33556.4. The S&P 500 fell 8.0 points, or 0.20 percent, at the open to 3933.28​, while the Nasdaq Composite dropped 50.9 points, or 0.46 percent, to 10963.95 at the opening bell.