U.S. stock indexes opened lower on Thursday as worries of a global economic downturn from aggressive central bank rate hikes and risks of potential contagion from a turmoil in UK markets turned investors risk averse.
The Dow Jones Industrial Average fell 170.0 points, or 0.57 percent, at the open to 29,513.73. The S&P 500 fell 32.0 points, or 0.86 percent, at the open to 3,687.01, while the Nasdaq Composite dropped 157.2 points, or 1.42 percent, to 10,894.436 at the opening