Wall Street

Wall St heads toward June lows on growth worries

Published by
Reuters

(Reuters) – Wall Street’s main indexes opened lower on Friday, heading toward June lows, as investors fretted over the prospect of an economic downturn and a hit to corporate earnings from the U.S. Federal Reserve’s aggressive monetary policy tightening to quell inflation. The Dow Jones Industrial Average fell 121.03 points, or 0.40%, at the open to 29,955.65. The S&P 500 opened lower by 30.85 points, or 0.82%, at 3,727.14, while the Nasdaq Composite dropped 114.11 points, or 1.03%, to 10,952.69 at the opening bell. (Reporting by Sruthi Shankar in Bengaluru; Editing by Shounak Dasgupta)

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