Wall Street Opens Muted as Investors Weigh Chances of June Rate Pause

Wall Street Opens Muted as Investors Weigh Chances of June Rate Pause
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on May 30, 2023. (Brendan McDermid/Reuters)
Reuters
6/5/2023
Updated:
6/5/2023

Wall Street’s main indexes opened subdued on Monday after a solid rally last week, as investors assessed chances of the Federal Reserve pausing interest rate hikes at its upcoming policy meeting.

The Dow Jones Industrial Average rose 8.37 points, or 0.02 percent, at the open to 33,771.13. The S&P 500 opened higher by 0.62 points, or 0.01 percent, at 4,282.99, while the Nasdaq Composite dropped 2.28 points, or 0.02 percent, to 13,238.48 at the opening bell.