Wall Street Opens Lower With Focus on Fed Rate Decision

A Wall Street sign outside the New York Stock Exchange in New York, on Oct. 28, 2013. Carlo Allegri/Reuters

Wall Street’s main indexes opened lower on Wednesday, ahead of an interest rate decision by the Federal Reserve, as a jump in private payrolls fueled fears that the central bank would not temper its aggressive stance on future rate hikes.

The Dow Jones Industrial Average fell 76.92 points, or 0.24 percent, at the open to 32,576.28.

The S&P 500 opened lower by 3.20 points, or 0.08 percent, at 3,852.90, while the Nasdaq Composite dropped 5.84 points, or 0.05 percent, to 10,885.01 at the opening bell.