US: Wall St slips at open as investors await Powell’s testimony

WALL Street’s main indexes opened marginally lower on Tuesday (Mar 7) in cautious trading ahead of Federal Reserve chair Jerome Powell’s testimony before Congress that could shed more light on the central bank’s interest rate hike plans.

The Dow Jones Industrial Average fell 3.13 points, or 0.01 per cent, at the open to 33,428.31.

The S&P 500 opened lower by 0.16 points at 4,048.26, while the Nasdaq Composite dropped 4.76 points, or 0.04 per cent, to 11,670.98 at the opening bell. REUTERS