S&P, Dow Open Subdued as Rate Cut Optimism Fades

S&P, Dow Open Subdued as Rate Cut Optimism Fades
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City on Oct. 27, 2023. Brendan McDermid/Reuters
Reuters
Updated:
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The S&P 500 and Dow Jones opened muted on Tuesday as optimism over potential rate cuts from the Federal Reserve next year waned, with investors on tenterhooks ahead of more commentary from central bank officials.

The Dow Jones Industrial Average fell 20.21 points, or 0.06 percent, at the open to 34,075.65.

The S&P 500 opened higher by 0.23 points, or 0.01 percent, at 4,366.21, while the Nasdaq Composite gained 37.01 points, or 0.27 percent, to 13,555.79 at the opening bell.