US STOCKS Wall Street opens lower ahead of Powell speech
[1/2] A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. REUTERS/Carlo Allegri/File Photo
Feb 23 (Reuters) - Wall Street's main indexes opened lower on Tuesday as investors sold off high-flying growth stocks on valuation concerns ahead of Federal Reserve Chairman Jerome Powell's testimony before Congress.
The Dow Jones Industrial Average (.DJI) fell 19.8 points, or 0.06%, at the open to 31501.89. The S&P 500 (.SPX) fell 19.4 points, or 0.50%, to 3857.07, while the Nasdaq Composite (.IXIC) dropped 270.4 points, or 2.00%, to 13262.607 at the opening bell.
Reporting by Devik Jain in Bengaluru; Editing by Shinjini Ganguli
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