US: Wall St kicks off the week on a mixed note as rate worries persist

WALL Street opened mixed on Monday (Jun 26), pressured by investor fears the Federal Reserve’s aggressive monetary tightening will hurt the US economy and a decline in Pfizer after its decision to drop the development of a weight loss drug.

The Dow Jones Industrial Average rose 3.36 points, or 0.01 per cent, at the open to 33,730.79.

The S&P 500 opened lower by 3.49 points, or 0.08 per cent, at 4,344.84.

The Nasdaq Composite dropped 23.77 points, or 0.18 per cent, to 13,468.75 at the opening bell. REUTERS