Salem Radio Network News Monday, September 25, 2023


Wall St opens lower ahead of Fed policy meet, Instacart debut

(Reuters) – Wall Street’s main indexes opened lower on Tuesday ahead of the Federal Reserve’s policy meeting, with investors awaiting grocery delivery app Instacart’s Nasdaq debut to assess a potential recovery in the IPO market.

The Dow Jones Industrial Average fell 52.46 points, or 0.15%, at the open to 34,571.84. The S&P 500 opened lower by 8.12 points, or 0.18%, at 4,445.41, while the Nasdaq Composite dropped 60.79 points, or 0.44%, to 13,649.44 at the opening bell.

(Reporting by Shristi Achar A in Bengaluru; Editing by Vinay Dwivedi)


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