US: Wall St opens lower with Powell’s testimony on tap

WALL Street’s main indexes opened lower on Tuesday (Feb 11), as investors awaited a testimony from Federal Reserve Chair Jerome Powell for insight on tariffs and their impact on inflation in the world’s biggest economy.

The Dow Jones Industrial Average fell 69.0 points, or 0.16 per cent, at the open to 44,401.38.

The S&P 500 fell 17.1 points, or 0.28 per cent, at the open to 6,049.32, while the Nasdaq Composite dropped 112.2 points, or 0.57 per cent, to 19,602.112 at the opening bell. REUTERS