Business

U.S. Stocks Open Lower as Powell Set to Testify to Congress


U.S. stocks opened lower and oil prices dropped Wednesday after major indexes rallied to start the trading week, with recent volatility in markets showing few signs of abating.

The S&P 500 declined 0.7% shortly after the opening bell. The Dow Jones Industrial Average fell 258 points, or 0.8%, and the Nasdaq Composite dropped 0.7%. U.S. stocks rallied Tuesday off their worst week since March 2020, offering investors a reprieve from a recent stretch of whipsaw trading that had sent stocks and cryptocurrencies falling.



Source link

Leave a Reply

Your email address will not be published.