US: Wall Street opens lower on rate-hike, recession fears

WALL Street’s main indexes opened lower on Monday (Sep 26) as investors worried that the Federal Reserve’s aggressive push to curb inflation may tip the country’s economy into recession.

The Dow Jones Industrial Average fell 53.57 points, or 0.18 per cent, at the open to 29,536.84.

The S&P 500 opened lower by 10.51 points, or 0.28 per cent, at 3,682.72, while the Nasdaq Composite dropped 34.54 points, or 0.32 per cent, to 10,833.38 at the opening bell. REUTERS