US: Wall Street falls after open on rate hike woes

THE S&P 500 and the Nasdaq fell after the opening bell on Wednesday, after several policymakers made a case for faster interest rate hikes to tamp down inflation as a string of recent data continued to paint a dour picture for the economy.

At 9.33 am ET, the S&P 500 was down 9.67 points, or 0.25 per cent, at 3,811.88, and the Nasdaq Composite was down 65.85 points, or 0.59 per cent, at 11,115.69. The Dow Jones Industrial Average was up 0.28 points, or 0.00 per cent, at 30,947.27. REUTERS