Traders work on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 5, 2023. REUTERS/Andrew Kelly
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 (.SPX) opened lower by 3.52 points, or 0.09%, at 3,888.57, while the Nasdaq Composite (.IXIC) dropped 27.93 points, or 0.26%, to 10,607.72 at the opening bell.
The Dow Jones Industrial Average (.DJI) was flat at the open.