Economic news
Wall Street falls after open on rate hike woes
2022.06.29 16:45
A screen displays trading informations for stocks on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 27, 2022. REUTERS/Brendan McDermid
(Reuters) – The S&P 500 and the Nasdaq fell after the opening bell on Wednesday, after several policymakers made a case for faster interest rate hikes to tamp down inflation as a string of recent data continued to paint a dour picture for the economy.
At 9:33 a.m. ET, the S&P 500 was down 9.67 points, or 0.25%, at 3,811.88, and the Nasdaq Composite was down 65.85 points, or 0.59%, at 11,115.69. The Dow Jones Industrial Average was up 0.28 points, or 0.00%, at 30,947.27.
