Wall Street opens lower on concerns about the banking sector

2023-05-04 15:56:00

The Dow Jones Industrial Average fell 66.46 points

Dubai – Al Arabiya.net

Published in: May 04, 2023: 07:56 PM GST
Last updated: May 04, 2023: 08:16 PM GST

US stocks opened lower on Thursday, as concerns regarding the safety of regional banks outweighed optimism from the Federal Reserve’s hint of a possible pause in interest rate hikes.

The Dow Jones industrial average fell 66.46 points, or 0.20%, to 33,347.78 points.

The Standard & Poor’s 500 Index also fell by 8.20 points, or 0.20%, to 4,082.55 points, according to Archyde.com.

The Nasdaq Composite Index fell 27.99 points, or 0.23%, to 11,997.34 points.

1683220593
#Wall #Street #opens #concerns #banking #sector