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US: Wall Street opens lower at end of turbulent week

August 9, 2024
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US: Wall Street opens lower at end of turbulent week
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Fed officials’ dovish signals following a report of a resilient labour market keep losses in check

Wall Street’s main indexes opened lower on the last day of a turbulent week, while Federal Reserve officials’ dovish signals following a report of a resilient labour market kept losses in check.

The Dow Jones Industrial Average fell 38.4 points, or 0.10 per cent, at the open to 39,408.06.

The S&P 500 fell 4.7 points, or 0.09 per cent, at the open to 5,314.66​, while the Nasdaq Composite dropped 23.5 points, or 0.14 per cent, to 16,636.522 at the opening bell. REUTERS



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I am an editor for IBW, focusing on business and entrepreneurship. I love uncovering emerging trends and crafting stories that inspire and inform readers about innovative ventures and industry insights.

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