Wall Street opens lower on recession fears, Dow falls over 550 pts

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Wall Street’s main indexes opened lower on Tuesday, with investors fretting about the possibility of an economic recession as central banks across the world take aggressive actions to contain a surge in inflation.


The Dow Jones Industrial Average fell 562 points, or 1.81%, minutes after opening to 30,534.97.


The was trading 61.77 points lower, or 1.63%, at 3,763.86, while the Nasdaq Composite dropped 141.79 points, or 1.28%, to 10,981.64 minutes after the opening bell.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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