Wall St opens lower as rate hike worries slam growth stocks

2022.08.22 16:54

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Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 17, 2022. REUTERS/Brendan McDermid/File Photo

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(Reuters) – Wall Street’s main indexes opened lower on Monday, with the tech-heavy Nasdaq leading losses, as investors worried about hawkish signals from U.S. Federal Reserve policymakers in the face of slowing economic growth.

The Dow Jones Industrial Average fell 120.15 points, or 0.36%, at the open to 33,586.59.

The S&P 500 opened lower by 33.40 points, or 0.79%, at 4,195.08, while the Nasdaq Composite dropped 182.05 points, or 1.43%, to 12,523.16 at the opening bell.

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