US: S&P 500, Nasdaq open lower in cautious start to Fed meeting week

THE S&P 500 and the Nasdaq opened lower on Monday (Sep 16), as caution set in on Wall Street ahead of the Federal Reserve’s pivotal monetary policy decision, due later in the week, with a majority of traders pricing in a steep cut in borrowing costs.

The Dow Jones Industrial Average rose 41.4 points, or 0.10 per cent, at the open to 41,435.17.

The S&P 500 fell 10.8 points, or 0.19 per cent, at the open to 5,615.21​, while the Nasdaq Composite dropped 110.3 points, or 0.62 per cent, to 17,573.702 at the opening bell. REUTERS