US: Wall Street opens lower on fears of aggressive rate hikes

WALL STREET’S main indexes opened lower on Thursday (Oct 6) amid worries of inflation and the Federal Reserve’s aggressive tightening cycle, while investors assessed data showing an increase in weekly jobless claims.

The Dow Jones Industrial Average fell 67.7 points, or 0.22 per cent, at the open to 30206.13. The S&P 500 fell 11.3 points, or 0.30 per cent, at the open to 3771.97​, while the Nasdaq Composite dropped 19.6 points, or 0.18 per cent, to 11129.041 at the opening bell. REUTERS