Recession fears and rate hikes lower Wall Street

Photo Source: By Vlad Lazarenko - Own work

The Dow Jones Industrial Average fell 53.57 points, or 0.18 percent, at the open to 29,536.84.

During the opening bell, the S&P 500 fell 10.51 points, or 0.28 percent, to 3,682.72, while the Nasdaq Composite dipped 34.54 points, or 0.32 percent, to 10,833.38.

As investors worried that the Federal Reserve's aggressive efforts to curb inflation could trigger a recession, Wall Street's major indexes opened lower on Monday.

27 September 2022