May 17, 2022

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Wall Street falls as oil boom and key stocks fall by Reuters

Wall Street falls as oil boom and key stocks fall by Reuters

© Reuters. Traders work during trading on the New York Stock Exchange on Tuesday. Photo: Brendan McDermott-Reuters.

(Reuters) – Major U.S. stock indices fell open on Wednesday as major investors weighed on the outlook for US interest rates following calls from monetary policymakers for big gains.

The industry index opened the trading session on Wall Street, down 0.17 percent to 3,4748.84 points.

The Benchmark Standard & Poor’s 500 Index was down 0.41 points at 4,493.10 and the Nasdaq was down 0.84 points at 13,990.35.

All three indices continued to decline in early trade.

(Produced by Waqti Al-Alfi for the Arabic Bulletin)

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