US: Wall St opens lower as Powell firm on interest rate hikes

WALL Street’s main indexes opened lower on Thursday (Jun 22), a day after Federal Reserve Chair Jerome Powell stuck to his hawkish stance on interest rate path and ahead of his second day of testimony before a Senate committee.

The Dow Jones Industrial Average fell 51.05 points, or 0.15 per cent, at the open to 33,900.47.

The S&P 500 opened lower by 10.29 points, or 0.24 per cent, at 4,355.40, while the Nasdaq Composite dropped 58.79 points, or 0.44 per cent, to 13,443.41 at the opening bell. REUTERS