Wall Street Opens Lower as Investors Await Fed Signal

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, capping a month dominated by mixed earnings reports and expectations of the U.S. Federal Reserve toning down its hawkish stance on inflation.

The Dow Jones Industrial Average fell 107.53 points, or 0.33 percent, at the open to 32,754.27.

The S&P 500 opened lower by 19.21 points, or 0.49 percent, at 3,881.85, while the Nasdaq Composite dropped 74.02 points, or 0.67 percent, to 11,028.43 at the opening bell.