Wall Street Opens Lower as Slowdown Worries Mount

Wall Street Opens Lower as Slowdown Worries Mount
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on Aug. 29, 2022. (Brendan McDermid/Reuters)
Reuters
9/1/2022
Updated:
9/1/2022

U.S. stock indexes opened lower on Thursday, starting September on a dour note as weak factory activity surveys from Europe and Asia amplified fears of a global economic slowdown.

The Dow Jones Industrial Average fell 55.85 points, or 0.18 percent, at the open to 31,454.58. The S&P 500 opened lower by 18.27 points, or 0.46 percent, at 3,936.73, while the Nasdaq Composite dropped 108.76 points, or 0.92 percent, to 11,707.44 at the opening bell.