Wall St slides at open on rate hike jitters; Fed minutes eyed


Wall Street’s main indexes opened lower on Wednesday, signaling a second day of selling on Wall Street as investors feared aggressive moves by the Federal Reserve to tackle inflation, with eyes on minutes from the central bank’s March meeting.

The Dow Jones Industrial Average fell 120.8 points, or 0.35%, to 34520.34 at the open.

The S&P 500 fell 30.9 points, or 0.68%, to 4494.17​, while the Nasdaq Composite dropped 201.6 points, or 1.42%, to 14002.583 at the opening bell.

This story has been published from a wire agency feed without modifications to the text.

Subscribe to Mint Newsletters

* Enter a valid email

* Thank you for subscribing to our newsletter.

the App to get 14 days of unlimited access to Mint Premium absolutely free!

Source link

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.