Wall Street slips on hawkish Fed; banks, industrials top losers
The S&P 500 and the Dow slipped on Thursday, with shares of banks, industrials and airlines leading declines on concerns that the Federal Reserve's aggressive monetary policy might weigh on economic growth.
Source: www.reuters.com
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(Reuters) - U.S. stock indexes edged lower at the open on Thursday, with growth stocks under pressure on concerns over a more hawkish Federal Reserve and a setback to the Ukraine peace talks.
The Dow Jones Industrial Average fell 57.3 points, or 0.17%, at the open to 34439.24.
The S&P 500 fell 6.5 points, or 0.15%, at the open to 4474.65, while the Nasdaq Composite dropped 27.3 points, or 0.20%, to 13861.489 at the opening bell.
Reporting by Praveen Paramasivam in Bengaluru; Editing by Anil D’Silva
