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Wednesday, March 3, 2021
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Wall Street opens lower ahead of Powell speech

Wall Street’s main indexes opened lower on Tuesday (February 23) as investors sold off high-flying growth stocks on valuation concerns ahead of Federal Reserve Chairman Jerome Powell’s testimony before Congress.

The Dow Jones Industrial Average fell 19.8 points, or 0.06%, at the open to 31501.89.

The S&P 500 fell 19.4 points, or 0.50%, to 3857.07​, while the Nasdaq Composite .dropped 270.4 points, or 2.00%, to 13262.607 at the opening bell.

(Production: Aleksandra Michalska)

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