US: Wall Street opens lower on Snap shock, growth fears

WALL Street’s main indexes opened lower on Tuesday following a strong relief rally in the previous session as weak forecasts from firms including Snapchat owner Snap Inc added to nerves about an inflation-struck economy.

The Dow Jones Industrial Average fell 162.63 points or 0.51 per cent at the open to 31,717.61.

The S&P 500 opened lower by 30.81 points or 0.78 per cent at 3,942.94, while the Nasdaq Composite dropped 208.83 points or 1.81 per cent to 11,326.44 at the opening bell. REUTERS