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Wall St opens lower as Powell doubles down on inflation fight

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(Reuters) – Wall Street’s main indexes opened lower on Wednesday as Federal Reserve Chair Jerome Powell remained firm in bringing inflation back to 2% target, spurring worries of more monetary tightening.

The Dow Jones Industrial Average fell 63.31 points, or 0.19%, at the open to 33,990.56. The S&P 500 opened lower by 8.70 points, or 0.20%, at 4,380.01, while the Nasdaq Composite dropped 46.43 points, or 0.34%, to 13,620.87 at the opening bell.

(Reporting by Johann M Cherian in Bengaluru; Editing by Arun Koyyur)

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