Wall St drops at open as tech selloff deepens; Fed meeting eyed
Global Economy
25 January, 2022, 09:05 pm
Last modified: 25 January, 2022, 09:10 pm
A man wears a protective mask as he walks on Wall Street during the coronavirus outbreak in New York City, New York, U.S., March 13, 2020. REUTERS/Lucas Jackson/Files
Wall Street's main indexes slipped at open on Tuesday as a selloff in technology stocks ahead of the Federal Reserve's policy meeting overshadowed upbeat results from blue-chip companies including IBM and 3M.
The Dow Jones Industrial Average fell 177.86 points, or 0.52%, at the open to 34,186.64.
The S&P 500 opened lower by 43.49 points, or 0.99%, at 4,366.64, while the Nasdaq Composite dropped 244.26 points, or 1.76%, to 13,610.87 at the opening bell.
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