U.S. stocks are opening lower as investors react to falling markets in Europe and Asia, and wait for clues about interest rates from the Federal Reserve.
The Dow Jones industrial average fell 152 points, or 0.9 percent, to 17,363 as of 9:35 a.m. Eastern time Wednesday. The Standard & Poor's 500 index slipped 14 points, or 0.7 percent, to 2,082. The Nasdaq composite slid 33 points, or 0.7 percent, to 5,025.
Bond prices fell, pushing up the yield on the 10-year Treasury note to 2.22 percent.
Investors will be looking for indications of when the U.S. central bank will begin to raise rates for the first time in years when the Fed releases minutes from its July meeting later Wednesday.
Source:
AP