US: Wall St opens lower as rate worries linger

WALL Street’s main indexes opened lower on Thursday (Sep 15) as a slew of economic data pointed to resilience of the US economy, likely keeping the Federal Reserve on track for aggressive interest rate hikes to tame inflation.

The Dow Jones Industrial Average fell 10.41 points, or 0.03 per cent, at the open to 31,124.68. The S&P 500 opened lower by 13.60 points, or 0.34 per cent, at 3,932.41, while the Nasdaq Composite dropped 86.44 points, or 0.74 per cent, to 11,633.24 at the opening bell. REUTERS