Wall Street Opens Lower Ahead of AI-darling Nvidia’s Results, Fed Minutes

Wall Street Opens Lower Ahead of AI-darling Nvidia’s Results, Fed Minutes
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City on Feb. 6, 2024. (Brendan McDermid/Reuters)
Reuters
2/21/2024
Updated:
2/21/2024
0:00

Wall Street’s main indexes opened lower on Wednesday ahead of chip designer Nvidia’s high-stakes earnings report that could potentially hinder or further fuel this year’s AI-led rally, and as investors awaited minutes from the Federal Reserve’s latest policy meeting.

The Dow Jones Industrial Average fell 80.14 points, or 0.21 percent, at the open to 38,483.66.

The S&P 500 opened lower by 12.48 points, or 0.25 percent, at 4,963.03, while the Nasdaq Composite dropped 98.66 points, or 0.63 percent, to 15,532.12 at the opening bell.