Wall Street opens lower on recession fears

Wall Street’s main indexes opened lower on Monday, as investors worried that aggressive steps by the Federal Reserve to curb inflation could push the country’s economy into recession.

The Dow Jones Industrial Average fell 53.57 points, or 0.18%, to 2,9536.84 points. The Standard & Poor’s 500 Index fell 10.51 points, or 0.28%, to 3,682.72 points.

The Nasdaq Composite dropped 34.54 points, or 0.32%, to 10,833.38.

Categories Economy Tags Dow Jones Industrial Average, Interest rate hike, Nasdaq, US stocks, Wall Street