S&P 500, Dow open lower as markets digest Powell comments

U.S. stock index futures edged higher on Wednesday, a day after Wall Street's main indexes fell, as investors kept an eye out for Federal Reserve ...

REUTERS: The S&P 500 and Dow Jones fell shortly after the open on Wednesday as Federal Reserve Chairman Jerome Powell warned of a prolonged recession due to the coronavirus and dispelled speculation over negative interest rates.

The Dow Jones Industrial Average fell 62.62 points, or 0.26per cent, to 23,702.16 at the open. The S&P 500 was lower by 6.05 points, or 0.21per cent, at 2,864.07. The Nasdaq Composite gained 3.49 points, or 0.04per cent, to 9,006.05 at the opening bell.

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