US: Wall Street mixed at open after selloff

WALL Street’s main indexes opened mixed on Friday after a brutal selloff triggered by the Federal Reserve and other major central banks raising interest rates heightened recession fears.

The Dow Jones Industrial Average fell 14.37 points, or 0.05 per cent, at the open to 29,912.70.

The S&P 500 opened lower by 0.87 points, or 0.02 per cent, at 3,665.90, while the Nasdaq Composite gained 51.45 points, or 0.48 per cent, to 10,697.55 at the opening bell. REUTERS