US: Wall Street opens lower on worries over big rate hikes

WALL Street’s main indexes opened lower on Monday (Sep 19), extending declines for a third straight session, on worries that another big interest rate hike by the Federal Reserve could tip the US economy into recession.

The Dow Jones Industrial Average fell 99.56 points, or 0.32 per cent, at the open to 30,722.86.

The S&P 500 opened lower by 23.42 points, or 0.60 per cent, at 3,849.91, while the Nasdaq Composite dropped 109.84 points, or 0.96 per cent, to 11,338.57 at the opening bell. REUTERS