US: Wall St opens lower on labour costs data
Wall Street’s main indexes opened lower on Tuesday (Apr 30) after stronger-than-expected labour costs signalled persistent inflationary pressures, while caution prevailed ahead of the Federal Reserve’s interest rate decision.
The Dow Jones Industrial Average fell 48.7 points, or 0.13 per cent, at the open to 38,337.4.
The S&P 500 fell 12.4 points, or 0.24 per cent, at the open to 5,103.78, while the Nasdaq Composite dropped 62.2 points, or 0.39 per cent, to 15,920.886 at the opening bell. REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Haidilao restaurant operator Super Hi prices US IPO at US$19.56 per share
Chinese EV giants hammered by Biden tariff are welcome in Brazil
Hong Kong’s shaky crypto ETF debuts dent global hub aspirations
OpenAI, Reddit sign partnership on ChatGPT, AI products, ads
US Fed officials suggest interest rates should stay high for longer
Oil up after US economic data strengthens rate cut expectations