The Business Times
business-time-50

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

google-preferred-sourceAdd BT as a preferred source
Published Thu, Dec 22, 2022 · 10:51 PM
    • The Dow Jones Industrial Average fell 143.13 points, or 0.43 per cent, at the open to 33,233.35.
    • The Dow Jones Industrial Average fell 143.13 points, or 0.43 per cent, at the open to 33,233.35. PHOTO: REUTERS

    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

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Dow JonesNasdaqS&P 500

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    Temasek’s one-year total shareholder return of 10.5% should not be judged against the 29.2% total return of the Straits Times Index over the same period, the writer argues.

    ‘So little’?: Why critics of Temasek’s 10.5% returns in a bull run are getting it wrong

    ChatGPT Work is a direct answer to Anthropic’s Claude Cowork.

    OpenAI unveils long-awaited “super app” as rivalry with Anthropic intensifies 

    MAS says the industry has expressed interest in offering new retail fund product types that cater to a broader range of investment objectives.

    New MAS proposal could pave way for commodity futures funds, more single-country bond funds for retail investors

    China Aviation Oil’s controlling shareholder, CNAF, has finalised its restructuring, transferring all of its equity to China Petrochemical Corporation.

    Stocks to watch: China Aviation Oil, Marco Polo Marine, Foundation Healthcare

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More