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

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US stocks opened lower on Thursday, as concerns about 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.

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