According to a report by Reuters, the major market indexes on Wall Street opened down on Friday due to concerns that rising inflation in the backdrop of a robust US economy would lead the Federal Reserve to choose the path of caution and maintain its strict monetary policy throughout the year.
SNAPSHOT Wall St opens lower as fears of hawkish Fed grow https://t.co/KK2UkuAIo6 pic.twitter.com/XfpN6kg1H2
— Reuters (@Reuters) February 17, 2023
The Dow Jones Industrial Average (.DJI) fell 19.84 points, or 0.06%, at the open to 33,677.01. The S&P 500 (.SPX) opened lower by 13.02 points, or 0.32%, at 4,077.39, while the Nasdaq Composite (.IXIC) dropped 78.33 points, or 0.66%, to 11,777.51 at the opening bell.
