Wall Street Opens Lower as Focus Shifts to Jobs Data

Wall Street Opens Lower as Focus Shifts to Jobs Data
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City on Oct. 26, 2023. (Brendan McDermid/Reuters)
Reuters
12/5/2023
Updated:
12/5/2023
0:00

Wall Street’s main indexes opened lower on Tuesday as investors waited for a slew of data, including the crucial jobs report, to gauge whether the Federal Reserve will cut interest rates by early next year.

The Dow Jones Industrial Average fell 68.79 points, or 0.19 percent, at the open, to 36,135.65. The S&P 500 opened lower by 12.53 points, or 0.27 percent, at 4,557.25, while the Nasdaq Composite dropped 59.09 points, or 0.42 percent, to 14,126.40 at the opening bell.