US Markets Open Lower: S&P 500 Down 0.7%, Dow Jones Down 0.9%
The Dow Jones Average and the S&P Index declined 0.7% and 0.8%, respectively. The tech-dominated Nasdaq Composite Index fell 0.9%. Jerome Powell doubted how well the present interest rates would handle the inflationary pressures the US central bank faced to meet its 2% inflation objective. US Stock Market: Treasury rates rose, and specific international markets…