Wall Street opens lower as tariff concerns resurface

23-Mar-2025

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Wall Street's main indices started the day in the red as concerns over US tariffs resurfaced, despite the Fed’s cautious economic outlook and policy stance.

The S&P 500 lost 40.71 points, or 0.71%, to 5,634.40, at the opening bell.

On the other hand, the Dow Jones Industrial Average fell 244.44 points, or 0.57%, to 41,727.18 and the Nasdaq Composite .IXIC lost 162.59 points, or 0.95%, to 17,585.75.

Darden Restaurants Inc. was the biggest gainer, climbing by 6.52%, at the opening.  

Accenture PLC Cl A suffered the biggest loss, declining by 8.66%.

Microchip Technology Inc. and Charles River Laboratories International Inc. also witnessed losses, down by 4.65% and 3.93%, respectively.