Wall Street Opens Subdued on Last Day of Cheery 2023, Rate Cuts in View

Wall Street Opens Subdued on Last Day of Cheery 2023, Rate Cuts in View
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City on Dec. 15, 2023. (Brendan McDermid/Reuters)
Reuters
12/29/2023
Updated:
12/29/2023
0:00

Wall Street’s main indexes opened muted on the final day of an upbeat year which has seen the benchmark S&P 500 rally close to a record peak due to growing expectations the Federal Reserve will cut interest rates early next year.

The Dow Jones Industrial Average fell 8.47 points, or 0.02 percent, at the open to 37,701.63. The S&P 500 opened lower by 0.47 points, or 0.01 percent, at 4,782.88, while the Nasdaq Composite gained 4.06 points, or 0.03 percent, to 15,099.20 at the opening bell.