Wall Street’s major indexes opened lower on Wednesday, indicating a second day of selling on Wall Street as investors fear aggressive moves by the Federal Reserve to tackle inflation, focusing on the minutes of the central bank’s March meeting.
The Dow Jones Industrial Average fell 120.8 points, or 0.35 percent, to 34,520.34 at the open.
The Standard & Poor’s 500 Index fell 30.9 points, or 0.68%, to 4,494.17 points, while the Nasdaq Composite Index fell 201.6 points, or 1.42%, to 1,4002.583 at the opening bell.
(This story has not been edited by Business Standard employees and is automatically generated from a shared feed.)
Business Standard has always strived to provide the latest information and commentary on developments that matter to you and that have broader political and economic implications for the country and the world. Your continued encouragement and feedback on how we can improve our offerings has made our resolve and commitment to these ideals even stronger. Even during these challenging times brought about by Covid-19, we continue our commitment to keeping you updated with trusted news, authoritative opinions and insightful commentary on relevant topical issues.
However, we have a request.
As we fight the economic impact of the pandemic, we need your support even more, so we can continue to bring you more quality content. Our subscription form has seen an encouraging response from many of you, who have subscribed to our content online. Further subscribing to our online content can only help us achieve our goals of providing better and more relevant content. We believe in free, fair and credible journalism. Your support with more subscriptions can help us practice the journalism we are committed to.
Support quality press and Subscribe to Business Standard.