Wall Street Opens Lower as Markets Await Powell

Wall Street Opens Lower as Markets Await Powell
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on June 27, 2023. Brendan McDermid/Reuters
Reuters
Updated:

Wall Street opened lower on Wednesday as investors awaited Federal Reserve Chair Jerome Powell’s speech for clues on the interest rate outlook.

The Dow Jones Industrial Average fell 45.36 points, or 0.13 percent, at the open to 33,881.38. The S&P 500 opened lower by 10.93 points, or 0.25 percent, at 4,367.48, while the Nasdaq Composite dropped 49.66 points, or 0.37 percent, to 13,506.02 at the opening bell.