Wall Street opens lower as focus shifts to Fed meeting

Posted on June 9, 2020

Traders wearing masks work, on the first day of in person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the NYSE in New York

FILE PHOTO: Traders wearing masks work, on the first day of in person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020. (REUTERS/Brendan McDermid)

BY DEVIK JAIN

U.S. stocks opened lower on Tuesday as investors turned cautious ahead of a Federal Reserve meeting that could offer views on the recent signs of economic recovery that drove the tech-heavy Nasdaq to an all-time high.

The Dow Jones Industrial Average fell 125.07 points, or 0.45%, at the open to 27,447.37.

The S&P 500 opened lower by 19.07 points, or 0.59%, at 3,213.32. The Nasdaq Composite dropped 57.56 points, or 0.58%, to 9,867.19 at the opening bell.