Wall Street Opens Lower Ahead of Service Data

Wall Street Opens Lower Ahead of Service Data
A street sign for Wall Street is seen outside of the New York Stock Exchange (NYSE) in New York City, N.Y., on June 28, 2021. (Andrew Kelly/Reuters)
Reuters
12/5/2022
Updated:
12/5/2022

Wall Street’s main indexes opened lower on Monday as investors maintained a cautious stance ahead of data, including a report on the U.S. services sector, to gauge the Federal Reserve’s next move at its rate-setting meeting later this month.

The Dow Jones Industrial Average fell 94.1 points, or 0.27 percent, at the open to 34335.73. The S&P 500 dipped 19.7 points, or 0.48 percent, at the open to 4052.02​, while the Nasdaq Composite dropped 80.5 points, or 0.70 percent, to 11380.991 at the opening bell.