S&P 500, Nasdaq open lower after Powell's comments

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(Reuters) – The S&P 500 and the Nasdaq opened lower on Tuesday as concerns about interest rate hikes persisted after Federal Reserve Chair Jerome Powell’s comments did not provide further clarity on the monetary policy outlook.

The S&P 500 opened lower by 3.52 points, or 0.09%, at 3,888.57, while the Nasdaq Composite dropped 27.93 points, or 0.26%, to 10,607.72 at the opening bell.

The Dow Jones Industrial Average was flat at the open.

(Reporting by Ankika Biswas in Bengaluru)