US stocks set to open lower

  • NASDAQ index leading the way

The major US indices are set open lower with the NASDAQ index leading the way again

  • Dow industrial average -225 points after yesterday's -280.7 point decline
  • S&P index is down -41 points after yesterday's -57.52 point decline
  • NASDAQ index -223 points after yesterday's -328.39 point decline

Fed tightening including quantitative tightening continues to be a drag as traders fear a recession/slower growth.

Fed's Harker is also scheduled to speak at 9:30 AM ET.

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