US: Wall St opens lower as valuation concerns, rate-cut jitters linger

Wall Street’s main indexes fell at the open on Tuesday (Nov 18), as concerns over lofty equity valuations and dimming chances of an interest rate cut from the Federal Reserve weighed on sentiment, while investors look ahead to Nvidia’s earnings and key government data due later this week.

The Dow Jones Industrial Average fell 207.3 points, or 0.44 per cent, at the open to 46,382.92.

The S&P 500 fell 31.2 points, or 0.47 per cent, at the open to 6,641.19​, while the Nasdaq Composite dropped 142.2 points, or 0.63 per cent, to 22,565.905 at the opening bell. REUTERS

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