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Wall Street opens lower ahead of Fed rate decision


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.