Wall Street Falls at Open as Middle East Tensions Drive Risk-Off Mood

Wall Street Falls at Open as Middle East Tensions Drive Risk-Off Mood
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on Sept. 26, 2023. Brendan McDermid/Reuters
Reuters
Updated:
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Wall Street’s main indexes opened lower on Wednesday as growing tensions in the Middle East spurred safe-haven demand, with investors also focused on earnings to gauge the impact of inflation and high interest rates on businesses.

The Dow Jones Industrial Average fell 37.40 points, or 0.11 percent, at the open to 33,960.25. The S&P 500 opened lower by 15.85 points, or 0.36 percent, at 4,357.35, while the Nasdaq Composite dropped 94.07 points, or 0.70 percent, to 13,439.68 at the opening bell.