US STOCKS SNAPSHOT-Wall St opens lower as weak private payrolls data deepens recession worries

Kitco Media
By Reuters
Published:
Updated:
Reuters
April 5 (Reuters) - Wall Street's main indexes opened lower on Wednesday after weaker-than-expected private payrolls data for March deepened worries that the rapid interest rate hikes by the Federal Reserve may tip the U.S. economy into a recession. The Dow Jones Industrial Average fell 7.78 points, or 0.02%, at the open to 33,394.60. The S&P 500 opened lower by 6.10 points, or 0.15%, at 4,094.50, while the Nasdaq Composite dropped 44.56 points, or 0.37%, to 12,081.76 at the opening bell. (Reporting by Ankika Biswas in Bengaluru; Editing by Shounak Dasgupta)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.