US: Wall Street opens lower after hawkish Fed comments

WALL Street’s main indexes opened lower on Monday (Nov 14) after hawkish comments from a US Federal Reserve (Fed) official tempered hopes of the central bank toning down its aggressive monetary policy approach.

The Dow Jones Industrial Average fell 85.8 points, or 0.25 per cent, at the open to 33662.05.

The S&P 500 fell 15.0 points, or 0.37 per cent, at the open to 3977.97, while the Nasdaq Composite dropped 89.4 points, or 0.79 per cent, to 11233.904 at the opening bell. REUTERS