Wall Street Opens Lower on Snap Shock, Growth Fears

By Reuters
Reuters
Reuters
May 24, 2022 Updated: May 24, 2022

Wall Street’s main indexes opened lower on Tuesday following a strong relief rally in the previous session as weak forecasts from firms including Snapchat owner Snap Inc. added to nerves about an inflation-struck economy.

The Dow Jones Industrial Average fell 162.63 points, or 0.51 percent, at the open to 31,717.61.

The S&P 500 opened lower by 30.81 points, or 0.78 percent, at 3,942.94, while the Nasdaq Composite dropped 208.83 points, or 1.81 percent, to 11,326.44 at the opening bell.

Reuters