Wall Street Opens Lower Ahead of Fed Minutes; Target Jumps

Wall Street Opens Lower Ahead of Fed Minutes; Target Jumps
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on July 19, 2023. Brendan McDermid/Reuters
Reuters
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Wall Street’s main indexes opened lower on Wednesday ahead of minutes of the Federal Reserve’s July policy meeting that could offer cues on the bank’s interest rate path, while shares of Target jumped on upbeat quarterly profit.

The Dow Jones Industrial Average fell 31.43 points, or 0.09 percent, at the open to 34,914.96. The S&P 500 opened lower by 4.07 points, or 0.09 percent, at 4,433.79, while the Nasdaq Composite dropped 37.88 points, or 0.28 percent, to 13,593.17 at the opening bell.