US: Wall St opens lower, S&P 500 on pace to confirm bear market

WALL STREET'S main indexes opened sharply lower on Monday (Jun 13) with the S&P 500 on course to confirm a bear market on growing fears that aggressive interest rate hikes could tip the economy into recession.

At 09:37 am the Dow Jones Industrial Average fell 563.56 points, or 1.80 per cent , to 30,829.23, the S&P 500 lost 87.03 points, or 2.23 per cent, to 3,813.83 and the Nasdaq Composite lost 284.93 points, or 2.51 per cent, to 11,055.10. REUTERS