U.S. stock indexes edged lower on Monday with Tyson Foods falling on disappointing quarterly results, while investors re-assessed their predictions on when the U.S. Federal Reserve would start cutting rates.
The Dow Jones Industrial Average (.DJI) fell 51.57 points, or 0.15%, at the open to 33,874.44.
The S&P 500 (.SPX) opened lower by 16.91 points, or 0.41%, at 4,119.57, while the Nasdaq Composite (.IXIC) dropped 102.55 points, or 0.85%, to 11,904.41 at the opening bell.
A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, New York, U.S., July 19, 2021. REUTERS/Andrew Kelly//File Photo
Federal Reserve Chair Jerome Powell speaks in a news conference in Washington, U.S., February 1, 2023. REUTERS/Jonathan Ernst/File Photo