US: Wall St slips ahead of business activity data

Wall Street’s main indexes opened slightly lower on Tuesday(Aug 23) after a steep selloff in the previous session on concerns about aggressive signals from the US Federal Reserve on rate hikes, with manufacturing and services data on tap.

The Dow Jones Industrial Average fell 30.09 points, or 0.09 per cent, at the open to 33,033.52.

The S&P 500 opened lower by 4.90 points, or 0.12 per cent, at 4,133.09, while the Nasdaq Composite dropped 1.20 points, or 0.01 per cent, to 12,380.37 at the opening bell. REUTERS