Wall Street Muted at Open as Markets Brace for Inflation Data, Fed Meeting

Wall Street Muted at Open as Markets Brace for Inflation Data, Fed Meeting
Traders gather at the post that trades Alaska Airlines stock on the floor at the New York Stock Exchange (NYSE) in New York City on Dec. 4, 2023. Brendan McDermid/Reuters
Reuters
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Wall Street’s main indexes were subdued at open on Monday in the run-up to an action-packed week that includes the Federal Reserve’s policy meeting and inflation data, both of which will test investor optimism about interest rates being cut next year.

The Dow Jones Industrial Average rose 6.46 points, or 0.02 percent, at the open, to 36,254.33. The S&P 500 opened lower by 10.98 points, or 0.24 percent, at 4,593.39, while the Nasdaq Composite dropped 63.84 points, or 0.44 percent, to 14,340.13 at the opening bell.