May 4 (Reuters) - U.S. stocks opened lower on Thursday
after PacWest Bancorp's move to explore strategic options
deepened concerns about the health of regional banks, countering
optimism from the Federal Reserve signaling a likely pause in
interest rate hikes.
The Dow Jones Industrial Average fell 66.46 points,
or 0.20%, at the open to 33,347.78. The S&P 500 opened
lower by 8.20 points, or 0.20%, at 4,082.55, while the Nasdaq
Composite dropped 27.99 points, or 0.23%, to 11,997.34
at the opening bell.
(Reporting by Sruthi Shankar in Bengaluru; Editing by Anil
D'Silva)
8780; outside U.S. +91 80 6182 2787;))
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.