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Wall Street opens lower ahead of Fed rate decision

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2023-01-30T14:33:37Z

Traders work on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 27, 2023. REUTERS/Andrew Kelly

Wall Street’s main indexes opened lower on Monday, with the tech-focused Nasdaq dropping nearly 1%, to kick-start the busiest week of the earnings season and ahead of key central bank meetings.

The Nasdaq Composite (.IXIC) dropped 109.37 points, or 0.94%, to 11,512.34 at the opening bell.

The Dow Jones Industrial Average (.DJI) fell 68.87 points, or 0.20%, at the open to 33,909.21, while The S&P 500 (.SPX) opened lower by 21.29 points, or 0.52%, at 4,049.27.

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