Wall Street declines at the start

US stock indices declined on Friday as markets assess policy decisions by global central banks.

Bank of England voted to hike rates by 25 basis points yesterday to 1.25%.

ECB policymakers hinted at using multiple more rate hikes to control runaway inflation in upcoming months.

The Federal Reserve decided to hike rates by 75 basis points to 1.75%, the highest such increase since 1994.

Dow Jones fell 0.2% as of 14:21 GMT to 29,855, while S&P 500 declined 0.1% to 3,663, as NASDAQ rose 0.5% to 10,702.