Wall Street

Wall St opens lower, S&P 500 on pace to confirm bear market

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Reuters

(Reuters) – Wall Street’s main indexes opened sharply lower on Monday with the S&P 500 on course to confirm a bear market on growing fears that aggressive interest rate hikes could tip the economy into recession. At 09:37 a.m. the Dow Jones Industrial Average fell 563.56 points, or 1.80% , to 30,829.23, the S&P 500 lost 87.03 points, or 2.23 %, to 3,813.83 and the Nasdaq Composite lost 284.93 points, or 2.51 %, to 11,055.10. (Reporting by Anisha Sircar in Bengaluru; Editing by Arun Koyyur)

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