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US: Wall St opens lower as growth stocks rally wanes

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Published Wed, May 18, 2022 · 09:53 PM
    • The Dow Jones Industrial Average fell 185.92 points or 0.57 per cent at the open to 32,468.67.
    • The Dow Jones Industrial Average fell 185.92 points or 0.57 per cent at the open to 32,468.67. Pixabay

    US stock indexes opened lower on Wednesday as a rally in growth shares faded and downbeat results from retailer Target Corp added to worries over surging inflation.

    The Dow Jones Industrial Average fell 185.92 points or 0.57 per cent at the open to 32,468.67.

    The S&P 500 opened lower by 36.87 points or 0.90 per cent at 4,051.98, while the Nasdaq Composite dropped 193.84 points, or 1.62per cent to 11,790.68 at the opening bell. REUTERS

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