Wall Street Opens Muted Ahead of Fed Rate Decision

Wall Street Opens Muted Ahead of Fed Rate Decision
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on March 6, 2023. (Brendan McDermid/Reuters)
Reuters
3/22/2023
Updated:
3/22/2023

Wall Street’s main indexes opened muted on Wednesday ahead of the outcome of the Federal Reserve’s rate-setting meeting in which the central bank will seek to balance inflation and banking sector concerns.

The Dow Jones Industrial Average rose 9.59 points, or 0.03 percent, at the open to 32,570.19.

The S&P 500 opened lower by 0.83 points, or 0.02 percent, at 4,002.04, while the Nasdaq Composite dropped 2.61 points, or 0.02 percent, to 11,857.50 at the opening bell.