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Wednesday, November 30, 2022

Wall Street opens lower as focus turns to Fed

Wall Street opens lower as focus turns to Fed
© Reuters. FILE PHOTO: Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., September 13, 2022. REUTERS/Andrew Kelly

 

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(Reuters) – Wall Street’s main indexes opened lower on Tuesday as investors positioned themselves for new economic projections and another large interest rate hike by the U.S. Federal Reserve this week to quell decades-high inflation.

The Dow Jones Industrial Average fell 131.2 points, or 0.42%, at the open to 30888.53. The S&P 500 fell 24.7 points, or 0.63%, at the open to 3875.23​, while the Nasdaq Composite dropped 94.9 points, or 0.82%, to 11440.143 at the opening bell.

Source: Investing.com

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