February 6, 2023

Wall Street opens lower on Fed fears; Tyson Foods slides

Feb 6 (Reuters) – 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.

Reporting by Johann M Cherian in Bengaluru; Editing by Shounak Dasgupta

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