US: Wall Street opens lower as debt ceiling talks remain deadlocked

WALL Street’s main indices opened lower on Tuesday (May 23) as another round of inconclusive talks over increasing the US debt limit raised the spectre of an unprecedented government default.

The Dow Jones Industrial Average fell 95.98 points, or 0.29 per cent, at the open to 33,190.60.

The S&P 500 opened lower by 15.83 points, or 0.38 per cent, at 4,176.80, while the Nasdaq Composite dropped 67.90 points, or 0.53 per cent, to 12,652.88 at the opening bell. REUTERS