Wall Street

Wall Street opens lower on Snap shock, growth fears

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(Reuters) – Wall Street’s main indexes opened lower on Tuesday following a strong relief rally in the previous session as weak forecasts from firms including Snapchat owner Snap Inc added to nerves about an inflation-struck economy. The Dow Jones Industrial Average fell 162.63 points, or 0.51%, at the open to 31,717.61. The S&P 500 opened lower by 30.81 points, or 0.78%, at 3,942.94, while the Nasdaq Composite dropped 208.83 points, or 1.81%, to 11,326.44 at the opening bell. (Reporting by Devik Jain in Bengaluru; Editing by Shounak Dasgupta)

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