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    HomeNewsBusinessMarketsWall Street opens lower on recession fears

    Wall Street opens lower on recession fears

    Investors worried about the risk of an economic recession as central banks around the world take harsh measures to limit an inflation spike caused the major Wall Street indexes to open lower on Tuesday.

    Reuters
    July 05, 2022 / 19:33 IST
    Representative Image

    Wall Street's main indexes opened lower on Tuesday, with investors fretting about the possibility of an economic recession as central banks across the world take aggressive actions to contain a surge in inflation.

    The Dow Jones Industrial Average (.DJI) fell 194.14 points, or 0.62%, at the open to 30,903.12.

    The S&P 500 (.SPX) opened lower by 32.72 points, or 0.86%, at 3,792.61, while the Nasdaq Composite (.IXIC) dropped 163.66 points, or 1.47%, to 10,964.18 at the opening bell.

    Reuters
    first published: Jul 5, 2022 07:33 pm

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