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US: Wall Street opens lower as UK’s Truss resigns as PM

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Published Thu, Oct 20, 2022 · 10:05 PM
    • The Dow Jones Industrial Average fell 11.89 points, or 0.04 per cent, at the open to 30,411.92.
    • The Dow Jones Industrial Average fell 11.89 points, or 0.04 per cent, at the open to 30,411.92. PHOTO: REUTERS

    WALL Street’s main indexes opened lower on Thursday (Oct 20) after the resignation of Liz Truss as prime minister of the UK added a layer of uncertainty to markets struggling to hold on to gains from a set of positive earnings forecasts from US companies.

    The Dow Jones Industrial Average fell 11.89 points, or 0.04 per cent, at the open to 30,411.92.

    The S&P 500 opened lower by 6.11 points, or 0.17 per cent, at 3,689.05, while the Nasdaq Composite dropped 23.09 points, or 0.22 per cent, to 10,657.41 at the opening bell. REUTERS

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