Wall Street Opens Lower After Hawkish Fed Comments

A Wall Street sign is pictured outside the New York Stock Exchange amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, N.Y., on April 16, 2021. (Carlo Allegri/Reuters)

Wall Street’s main indexes opened lower on Monday after hawkish comments from a U.S. Federal Reserve official tempered hopes of the central bank toning down its aggressive monetary policy approach.

The Dow Jones Industrial Average fell 85.8 points, or 0.25 percent, at the open to 33662.05. The S&P 500 fell 15.0 points, or 0.37 percent, at the open to 3977.97​, while the Nasdaq Composite dropped 89.4 points, or 0.79 percent, to 11233.904 at the opening bell.