Wall Street Opens Lower Amid Geopolitical Concerns and Steady Labor Market

Wall Street opened lower on Wednesday as investors factored in potential geopolitical tensions in the Middle East. Despite these concerns, a recent survey eased fears of a rapid labor market slowdown. The Dow Jones Industrial Average declined by 31.8 points, the S&P 500 by 10.6 points, and the Nasdaq Composite by 43.2 points.

Wall Street's main indexes opened lower on Wednesday as investors priced in a possible escalation in geopolitical tensions in the Middle East and a survey alleviated fears of a swift cooldown in the labor market.

The Dow Jones Industrial Average fell 31.8 points, or 0.08%, at the open to 42,125.14. The S&P 500 fell 10.6 points, or 0.19%, at the open to 5,698.14, while the Nasdaq Composite dropped 43.2 points, or 0.24%, to 17,867.124 at the opening bell.

(With inputs from agencies.)