Wall Street Edges Lower on Rate Hike Worries

Traders work on the trading floor at the New York Stock Exchange (NYSE) in New York City on Jan. 27, 2023. (Andrew Kelly/Reuters)

U.S. main stock indexes slipped at the open on Wednesday as investors worried the Federal Reserve would keep hiking interest rates this year, while Microsoft rose after laying out its AI push.

The Dow Jones Industrial Average fell 23.79 points, or 0.07 percent, at the open to 34,132.90. The S&P 500 opened lower by 10.53 points, or 0.25 percent, at 4,153.47, while the Nasdaq Composite dropped 44.67 points, or 0.37 percent, to 12,069.12 at the opening bell.