US: Wall Street slips as investors prepare for inflation data, Fed meeting

US STOCKS indexes edged lower on Monday (Jun 10) as investors grew cautious ahead of key inflation data and a Federal Reserve meeting scheduled for this week, looking for hints on the central bank’s policy-easing stance this year.

The Dow Jones Industrial Average fell 14.09 points, or 0.04 per cent, at the open to 38,784.90.

The S&P 500 opened lower by 5.77 points, or 0.11 per cent, at 5,341.22, while the Nasdaq Composite dropped 49.68 points, or 0.29 per cent, to 17,083.45 at the opening bell. REUTERS