US: Wall St opens lower after economic data renews rate hike worries

WALL Street’s main indexes opened lower on Thursday (Dec 22) as fresh data underscored strength in the US economy and aggravated concerns over the Federal Reserve’s continued policy tightening.

The Dow Jones Industrial Average fell 143.13 points, or 0.43 per cent, at the open to 33,233.35.

The S&P 500 opened lower by 25.18 points, or 0.65 per cent, at 3,853.26, while the Nasdaq Composite dropped by 161.50 points, or 1.51 per cent, to 10550.10 at the opening bell. REUTERS