US: Wall Street opens lower on growing economic downturn worries

US stock indexes opened lower on Thursday (Sep 29) as worries of a global economic downturn from aggressive central bank rate hikes and risks of potential contagion from a turmoil in UK markets turned investors risk averse.

The Dow Jones Industrial Average fell 170.0 points, or 0.57 per cent, at the open to 29,513.73. The S&P 500 fell 32.0 points, or 0.86 per cent, at the open to 3,687.01​, while the Nasdaq Composite dropped 157.2 points, or 1.42 per cent, to 10,894.436 at the opening bell. REUTERS