Wall Street Opens Lower as Investors Await Inflation Data

Wall Street Opens Lower as Investors Await Inflation Data
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on Oct. 20, 2023. Brendan McDermid/Reuters
Reuters
Updated:
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Wall Street’s main indexes opened lower on Monday as investors await a crucial inflation reading and other economic data this week that could shape expectations around how long the Federal Reserve will keep interest rates elevated.

The Dow Jones Industrial Average fell 23.85 points, or 0.07 percent, at the open to 34,259.25. The S&P 500 opened lower by 8.58 points, or 0.19 percent, at 4,406.66, while the Nasdaq Composite dropped 52.15 points, or 0.38 percent, to 13,745.96 at the opening bell.