Dow, S&P 500 Open Lower Ahead of Powell Comments

Dow, S&P 500 Open Lower Ahead of Powell Comments
Federal Reserve Board Chair Jerome Powell speaks during a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington on July 27, 2022. (Elizabeth Frantz/Reuters)
Reuters
2/7/2023
Updated:
2/7/2023

The Dow and the S&P 500 opened lower on Tuesday as investors await Federal Reserve Chair Jerome Powell’s remarks for further clues on how long the U.S. central bank will keep interest rates higher.

The Dow Jones Industrial Average fell 121.24 points, or 0.36 percent, at the open to 33,769.78. The S&P 500 opened lower by 5.73 points, or 0.14 percent, at 4,105.35, while the Nasdaq Composite gained 3.80 points, or 0.03 percent, to 11,891.25 at the opening bell.