US: Wall Street opens lower on recession fears

WALL Street’s main indexes opened lower on Tuesday, with investors fretting about the possibility of an economic recession as central banks across the world take aggressive actions to contain a surge in inflation.

The Dow Jones Industrial Average fell 194.14 points or 0.62 per cent at the open to 30,903.12.

The S&P 500 opened lower by 32.72 points or 0.86 per cent at 3,792.61, while the Nasdaq Composite dropped 163.66 points or 1.47 per cent to 10,964.18 at the opening bell. REUTERS