Wall Street opens lower on angst over hawkish Fed
Screens on the trading floor at New York Stock Exchange (NYSE) display the Federal Reserve Chair Jerome Powell during a news conference after the Federal Reserve announced interest rates will raise half a percentage point, in New York City, U.S., December
(Reuters) - Wall Street's main indexes opened lower on Thursday as the Federal Reserve's guidance to stick to protracted policy tightening quelled hopes of the rate-hike cycle ending anytime soon.
The Dow Jones Industrial Average fell 193.35 points, or 0.57%, at the open to 33,773.00. The S&P 500 opened lower by 36.95 points, or 0.92%, at 3,958.37, while the Nasdaq Composite dropped 158.26 points, or 1.42%, to 11,012.62 at the opening bell.
(Reporting by Ankika Biswas in Bengaluru; Editing by Anil D'Silva)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Trump reopens effort to remove Fed Cook following Supreme Court ruling - ABC
- Intel stock stumbles following blockbuster $15 billion equity offering
- HSBC downgrades Akamai to hold, cuts target price to $123
Create E-mail Alert Related Categories
General News, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share