Wall Street Opens Lower on Rate Jitters; Powell on Deck

Wall Street Opens Lower on Rate Jitters; Powell on Deck
Traders work on the floor of the New York Stock Exchange in New York City, on Sept. 26, 2023. Brendan McDermid/File Photo/Reuters
Reuters
Updated:

Wall Street’s main indexes opened lower on Thursday on persistent worries over prolonged restrictive monetary policy, while investors assessed economic data and awaited Federal Reserve chief Jerome Powell’s remarks during the day.

The Dow Jones Industrial Average fell 30.83 points, or 0.09 percent, at the open to 33,519.44. The S&P 500 opened lower by 4.86 points, or 0.11 percent, at 4,269.65, while the Nasdaq Composite dropped 49.48 points, or 0.38 percent, to 13,043.37 at the opening bell.