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US: S&P 500, Nasdaq slip ahead of Powell's speech

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Published Fri, Aug 26, 2022 · 09:44 PM
    • The S&P 500 opened lower by 0.38 points at 4,198.74, while the Nasdaq Composite dropped 8.69 points to 12,630.58.
    • The S&P 500 opened lower by 0.38 points at 4,198.74, while the Nasdaq Composite dropped 8.69 points to 12,630.58. photo: REUTERS

    THE S&P 500 and the Nasdaq opened lower on Friday (Aug 26) as investors worried about hawkish signals from Federal Reserve Chair Jerome Powell at the annual Jackson Hole symposium.

    The S&P 500 opened lower by 0.38 points, or 0.01 per cent, at 4,198.74, while the Nasdaq Composite dropped 8.69 points, or 0.07 per cent, to 12,630.58 at the opening bell.

    The Dow Jones Industrial Average rose 1.65 points at the open to 33,293.43. REUTERS

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