The Business Times

US: Wall St opens lower on downbeat earnings, rate jitters

    • The S&P 500 opened lower by 24.04 points, or 0.58 per cent, at 4,130.48.
    • The S&P 500 opened lower by 24.04 points, or 0.58 per cent, at 4,130.48. PHOTO: AFP
    Published Thu, Apr 20, 2023 · 09:51 PM

    US stock indexes opened lower on Thursday (Apr 20) as disappointing results from Tesla, AT&T and some regional banks dented investor sentiment already soured by prospects of further U.S. interest rate hikes.

    The Dow Jones Industrial Average fell 156.41 points, or 0.46 per cent, at the open to 33,740.60.

    The S&P 500 opened lower by 24.04 points, or 0.58 per cent, at 4,130.48, while the Nasdaq Composite dropped 118.15 points, or 0.97 per cent, to 12,039.08 at the opening bell. REUTERS

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