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Wednesday, June 29, 2022
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Wall Street opens lower after glum China data

Wall Street’s main indexes opened lower on Monday (May 16) as investors digested downbeat data out of China amid worries over a global economic slowdown and aggressive policy tightening by the Federal Reserve.

The Dow Jones Industrial Average fell 44.51 points, or 0.14%, at the open to 32,152.15.

The S&P 500 opened lower by 10.87 points, or 0.27%, at 4,013.02, while the Nasdaq Composite dropped 77.86 points, or 0.66%, to 11,727.14 at the opening bell.

(Production: Kyoko Gasha)

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