US: S&P 500, Nasdaq open lower after Powell’s comments

THE S&P 500 and the Nasdaq opened lower on Tuesday (Jan 10) as concerns about interest rate hikes persisted after Federal Reserve chair Jerome Powell’s comments did not provide further clarity on the monetary policy outlook.

The S&P 500 opened lower by 3.52 points, or 0.09 per cent, at 3,888.57, while the Nasdaq Composite dropped 27.93 points, or 0.26 per cent, to 10,607.72 at the opening bell.

The Dow Jones Industrial Average was flat at the open. REUTERS