Wall Street Opens Lower Ahead of Fed Policy Meet, Instacart Debut

Wall Street Opens Lower Ahead of Fed Policy Meet, Instacart Debut
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on Aug. 15, 2023. Brendan McDermid/Reuters
Reuters
Updated:

Wall Street’s main indexes opened lower on Tuesday ahead of the Federal Reserve’s policy meeting, with investors awaiting grocery delivery app Instacart’s Nasdaq debut to assess a potential recovery in the IPO market.

The Dow Jones Industrial Average fell 52.46 points, or 0.15 percent, at the open to 34,571.84. The S&P 500 opened lower by 8.12 points, or 0.18 percent, at 4,445.41, while the Nasdaq Composite dropped 60.79 points, or 0.44 percent, to 13,649.44 at the opening bell.