US: Wall Street opens lower in gloomy start to second-half

WALL Street’s main indexes opened lower on Friday, starting the second-half of the year on a dull note, as investors worried about the hit to economic growth from aggressive steps by policymakers determined to stamp out raging inflation.

The Dow Jones Industrial Average fell 37.66 points or 0.12 per cent at the open to 30,737.77. The S&P 500 opened lower by 4.38 points or 0.12 per cent at 3,781.00, while the Nasdaq Composite dropped 21.90 points or 0.20 per cent to 11,006.83 at the opening bell. AFP