Wall Street Opens Lower Amid Recession Worries

Wall Street Opens Lower Amid Recession Worries
Traders work on the trading floor at the New York Stock Exchange (NYSE) in New York City on Jan. 5, 2023. Andrew Kelly/Reuters
Reuters
Updated:

U.S. stock indexes opened lower on Thursday as recession worries resurfaced, while shares of Procter & Gamble fell as it warned of cost pressures.

The Dow Jones Industrial Average fell 125.61 points, or 0.38 percent, at the open to 33,171.35. The S&P 500 opened lower by 17.02 points, or 0.43 percent, at 3,911.84, while the Nasdaq Composite dropped 10,957.01 points, or 100.00 percent, to 0.00 at the opening bell.