US: Wall St drops at open on growth worries; focus turns to Fed

[NEW YORK] Wall Street's main indexes tumbled at the open on Monday, as concerns about the pace of an economic recovery hit energy and banking shares at the start of a week in which the Federal Reserve will decide on potentially tapering its pandemic-era stimulus.

The Dow Jones Industrial Average fell 125.16 points, or 0.36 per cent, at the open to 34,459.72.

The S&P 500 opened lower by 30.04 points, or 0.68 per cent, at 4,402.95, while the Nasdaq Composite dropped 285.83 points, or 1.90 per cent, to 14,758.14 at the opening bell.

REUTERS