S&P 500 Opens Flat as Investors Focus on Earnings, Fed Cues

S&P 500 Opens Flat as Investors Focus on Earnings, Fed Cues
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on April 14, 2023. (Brendan McDermid/Reuters)
Reuters
4/17/2023
Updated:
4/17/2023

The benchmark S&P 500 index opened flat on Monday as investors awaited more bank earnings and views from Federal Reserve policymakers that could shape expectations around when the central bank would pause its monetary policy tightening.

The Dow Jones Industrial Average rose 43.99 points, or 0.13 percent, at the open to 33,930.46. The S&P 500 opened lower by 0.47 points, or 0.01 percent, at 4,137.17, while the Nasdaq Composite dropped 15.23 points, or 0.13 percent, to 12,108.23 at the opening bell.