Wall Street Opens Muted After Recent Rally, Microsoft Edges Up

Wall Street Opens Muted After Recent Rally, Microsoft Edges Up
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City on Oct. 27, 2023. (Brendan McDermid/Reuters)
Reuters
11/20/2023
Updated:
11/20/2023
0:00

Wall Street's main indexes opened muted on Monday as investors awaited more clues on when the Federal Reserve might begin cutting interest rates, while Microsoft gained on news that former OpenAI head Sam Altman will join the software giant.

The Dow Jones Industrial Average fell 14.79 points, or 0.04 percent, at the open to 34,932.49. The S&P 500 opened lower by 2.32 points, or 0.05 percent, at 4,511.70, while the Nasdaq Composite gained 9.27 points, or 0.07 percent, to 14,134.75 at the opening bell.

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