A trader works on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 14, 2022. REUTERS/Andrew Kelly
Wall Street’s main indexes opened lower on Wednesday as downbeat quarterly updates from Microsoft and Boeing added to fears of a recession, with technology shares leading the declines.
The Nasdaq Composite (.IXIC) dropped 187.74 points, or 1.66%, to 11,146.53 at the opening bell.
The Dow Jones Industrial Average (.DJI) fell 195.60 points, or 0.58%, at the open to 33,538.36, while the S&P 500 (.SPX) opened lower by 34.24 points, or 0.85%, at 3,982.71.