wall street stocks opened lower tuesday extending a weak stretch as the imf trimmed its 2023 global growth outlook and the bank of england moved to stabilize the bond market the international monetary fund updating its forecasts as inflation and russias invasion of ukraine strain economies maintained its outlook for 2022 but projected 2023 growth of 27 percent 02 points down from july expectations the worst is yet to come and for many people 2023 will feel like a recession said international monetary fund economic counsellor pierreolivier gourinchas in a blog post meanwhile the bank of england said it was widening the scope of daily purchases of uk government bonds or gilts until friday in a step to try to calm markets after bond yields jumped and the pound sank about 25 minutes into trading the dow jones industrial average was down 03 percent at 2912028 the broadbased sp tumbled 09 percent to 357981 while the techrich nasdaq composite index fell 13 percent to 1040987 wall street stocks have fallen the last four sessions as markets gird for more tough federal reserve interest rate increases in light of us economic data that has only moderated slightly a key report will be thursdays consumer price index data for september