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Wall Street opens lower ahead of Fed decision; AMD rises on outlook

2023-02-01T14:39:51Z

Traders work on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 27, 2023. REUTERS/Andrew Kelly

U.S. stock indexes opened lower on Wednesday as investors cautiously awaited the Federal Reserve’s decision on interest rates later in the day, while chipmaker Advanced Micro Devices climbed on an upbeat outlook.

The Dow Jones Industrial Average (.DJI) fell 46.44 points, or 0.14%, at the open to 34,039.60. The S&P 500 (.SPX) opened lower by 6.53 points, or 0.16%, at 4,070.07, while the Nasdaq Composite (.IXIC) dropped 11.41 points, or 0.10%, to 11,573.14 at the opening bell.