Wall Street Ticks Lower as Investors Await Fed Rate Hike Clues

Wall Street Ticks Lower as Investors Await Fed Rate Hike Clues
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on Aug. 22, 2022. (Brendan McDermid/Reuters)
Reuters
8/24/2022
Updated:
8/24/2022

Wall Street’s main indexes slipped on Wednesday as recent economic data fueled fears of a slowdown ahead of the U.S. Federal Reserve’s annual conference this week.

The Dow Jones Industrial Average fell 10.58 points, or 0.03 percent, at the open to 32,899.01.

The S&P 500 opened lower by 2.18 points, or 0.05 percent, at 4,126.55, while the Nasdaq Composite dropped 6.15 points, or 0.05 percent, to 12,375.15 at the opening bell.