Wall Street Opens Lower Ahead of Fed Decision; AMD Rises on Outlook

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. stock indexes opened lower on Wednesday as investors cautiously awaited the Federal Reserve’s decision on interest rates later in the day, while chipmaker Advanced Micro Devices climbed on an upbeat outlook.

The Dow Jones Industrial Average fell 46.44 points, or 0.14 percent, at the open to 34,039.60. The S&P 500 opened lower by 6.53 points, or 0.16 percent, at 4,070.07, while the Nasdaq Composite dropped 11.41 points, or 0.10 percent, to 11,573.14 at the opening bell.