Wall Street opens lower on angst over hawkish Fed

December 15, 2022 10:09 AM EST

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)



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