US: Wall St muted at open as markets brace for inflation data, Fed meeting

WALL Street’s main indexes were subdued at open on Monday (Dec 11) in the run-up to an action-packed week that includes the Federal Reserve’s policy meeting and inflation data, both of which will test investor optimism about interest rates being cut next year.

The Dow Jones Industrial Average rose 6.46 points, or 0.02 per cent, at the open, to 36,254.33.

The S&P 500 opened lower by 10.98 points, or 0.24 per cent, at 4,593.39, while the Nasdaq Composite dropped 63.84 points, or 0.44 per cent, to 14,340.13 at the opening bell. REUTERS