Concerns remain over aggressive monetary tightening and slowing economic growth
Wall Street | Dow Jones
Reuters Last Updated at May 10, 2022 20:57 IST
Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York (Photo: Reuters)
Wall Street’s main indexes turned lower on Tuesday in volatile trading as bank and megacap growth stocks slumped on concerns over aggressive monetary tightening and slowing economic growth.
At 11:14 a.m. ET, the Dow Jones Industrial Average was down 117.61 points, or 0.36%, at 32,128.09, the S&P 500 was down 15.08 points, or 0.38%, at 3,976.16, and the Nasdaq Composite was down 39.47 points, or 0.34%, at 11,583.78.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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First Published: Tue, May 10 2022. 19:26 IST