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
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
GameStop soars as flag bearer ‘Roaring Kitty’ resurfaces, sparks meme stock rally
Europe: Shares end flat as investors await for inflation test
US: GameStop surges as Dow winning streak ends
Currency markets steady before US inflation test
Singapore stocks buck decline in key regional markets; STI up 0.4%
Hot stock: Genting Singapore rises 6.2% amid heavy trading on strong earnings