US: Wall St opens lower as retail sales data stokes rate concerns
Add BT as a preferred source
WALL Street’s main indexes opened lower on Tuesday (Aug 15) after a sharper-than-expected rise in US retail sales stoked concerns the Federal Reserve could keep interest rates higher for longer.
The Dow Jones Industrial Average fell 88.26 points, or 0.25 per cent, at the open to 35,219.37.
The S&P 500 opened lower by 10.85 points, or 0.24 per cent, at 4,478.87, while the Nasdaq Composite dropped 27.85 points, or 0.20 per cent, to 13,760.48 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.
Share with us your feedback on BT's products and services
TRENDING NOW
GovTech retrenches 93 staff in first phase of agency’s 2-year workforce transformation
A new kind of ‘ceasefire’ between US and Iran where talks, strikes are part of the same process
Department store heir to outback cattleman: Inside Bruce Cheung’s US$130m wagyu gamble
Early payout from Philippines’ Maharlika Investment Fund raises eyebrows over its true nature
