Economy

Wall Street Opens Lower Affected by U.S. Debt Ceiling Crisis

Wall Street Opens Lower Affected by U.S. Debt Ceiling Crisis

Major indexes on Wall Street opened lower on Tuesday, as sentiment was impacted by expectations that some companies, like Skyworks, a supplier to Apple, would not achieve profits. Meanwhile, some investors focused on the U.S. debt ceiling crisis. The Dow Jones Industrial Average fell by 28.84 points, or 0.09 percent, to 33,589.85 points. The S&P 500 opened down 13.87 points, or 0.34 percent, to 4,124.25 points, while the Nasdaq Composite declined by 61.14 points, or 0.50 percent, to 12,195.78 points.

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