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The benchmark index is now 5.8% above its mid-June closing low as a summer rally in Wall Street continues to unravel amid fears of steep increases in U.S. interest rates and deterioration in earnings growth.
Wall Street’s main indexes were trading at two-month lows, with the S&P 500 down 20.40 points, or 0.52%, at 3,880.95.
The Dow Jones Industrial Average fell 95.21 points, or 0.31%, at the open to 30,866.61, and the Nasdaq Composite dropped 151.15 points, or 1.31%, to 11,401.21 at the opening bell.
