US: Wall St opens lower as investors dial back bets on Fed rate cuts this year

    • The Dow Jones Industrial Average fell 13.8 points, or 0.03 per cent, at the open to 41,924.68.
    • The Dow Jones Industrial Average fell 13.8 points, or 0.03 per cent, at the open to 41,924.68. PHOTO: BLOOMBERG
    Published Mon, Jan 13, 2025 · 10:42 PM

    WALL Street’s main indexes opened lower on Monday (Jan 13), as yields surged after robust payroll numbers last week bolstered expectations that the Federal Reserve will maintain a hawkish stance for most of 2025.

    The Dow Jones Industrial Average fell 13.8 points, or 0.03 per cent, at the open to 41,924.68.

    The S&P 500 fell 45.0 points, or 0.77 per cent, at the open to 5,782.02​, while the Nasdaq Composite dropped 258.0 points, or 1.35 per cent, to 18,903.664 at the opening bell. REUTERS

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