Wall Street opens lower on Snap Inc shock and growth fears

Wall Street’s main indexes opened lower on Tuesday following a strong rally in the previous session as weak expectations from companies such as Snapchat owner Snap Inc added to tension over the inflation-hit economy.

The industrial index fell 162.63 points, or 0.51 percent, to 31717.61 points.

The Standard & Poor’s 500 index opened down 30.81 points, or 0.78 percent, to 3,942.94 points, while the Nasdaq Composite Index fell 208.83 points, or 1.81 percent, to 11,326.44 points.

Photo of author

Alexandra Hartman Editor-in-Chief

Editor-in-Chief Prize-winning journalist with over 20 years of international news experience. Alexandra leads the editorial team, ensuring every story meets the highest standards of accuracy and journalistic integrity.

Absorption rate UP when taken with vitamin D ‘this’ (Research)

Horner: Seven teams could miss final races

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.