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SNAPSHOT Wall St heads toward June lows on growth worries

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2022-09-23T13:34:28Z

Wall Street’s main indexes opened lower on Friday, heading toward June lows, as investors fretted over the prospect of an economic downturn and a hit to corporate earnings from the U.S. Federal Reserve’s aggressive monetary policy tightening to quell inflation.

The Dow Jones Industrial Average (.DJI) fell 121.03 points, or 0.40%, at the open to 29,955.65. The S&P 500 (.SPX) opened lower by 30.85 points, or 0.82%, at 3,727.14, while the Nasdaq Composite (.IXIC) dropped 114.11 points, or 1.03%, to 10,952.69 at the opening bell.

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A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., September 13, 2022. REUTERS/Andrew Kelly

A Wall Street sign is pictured outside the New York Stock Exchange amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., April 16, 2021. REUTERS/Carlo Allegri/File Photo



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