FILE PHOTO: Traders work, as Federal Reserve Chair Jerome Powell is seen on a screen delivering remarks, at the New York Stock Exchange (NYSE) in New York City, U.S., March 16, 2022. REUTERS/Brendan McDermid

March 17, 2022

(Reuters) – U.S. stock indexes opened lower on Thursday as investors assessed the Federal Reserve’s hawkish stance in the face of surging inflation, while keeping a wary eye on developments around the Ukraine crisis.

The Dow Jones Industrial Average fell 67.71 points, or 0.20%, at the open to 33,995.39. The S&P 500 opened lower by 12.75 points, or 0.29%, at 4,345.11, while the Nasdaq Composite dropped 75.83 points, or 0.56%, to 13,360.72 at the opening bell.

(Reporting by Devik Jain in Bengaluru; Editing by Aditya Soni)

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