Wall Street opens mixed amid focus on Fed meeting

Key Takeaways

• Wall Street opened with mixed performance, showing cautious investor sentiment.
• The S&P 500 gained slightly, while the Dow Jones declined and the Nasdaq rose modestly, led by tech stocks.

Wall Street opened with mixed results today as investors focused on the Federal Reserve’s upcoming policy meeting. The S&P 500, which tracks large-cap companies on US exchanges, edged higher while the Dow Jones Industrial Average declined slightly in early trading.

The Nasdaq Composite, heavily weighted toward technology stocks, posted modest gains as tech and growth stocks attracted buyers. Warner Bros. Discovery, the media and entertainment company, showed positive movement amid the ongoing market fluctuations.

Traders are closely monitoring the delayed PCE report on consumer inflation to assess potential rate-cut implications ahead of the Fed’s mid-week announcement. The Federal Reserve, which manages US monetary policy, is expected to discuss interest rate adjustments that could influence market direction.