Wall St opens lower as fears of hawkish Fed grow By Reuters

© Reuters. FILE PHOTO: Traders work on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 27, 2023. REUTERS/Andrew Kelly

(Reuters) – Wall Street’s main stock indexes opened lower on Friday on worries that accelerating inflation in the face of a sturdy U.S. economy could prompt the Federal Reserve to err on the side of caution by keeping monetary policy restrictive through the year.

The fell 19.84 points, or 0.06%, at the open to 33,677.01. The opened lower by 13.02 points, or 0.32%, at 4,077.39, while the dropped 78.33 points, or 0.66%, to 11,777.51 at the opening bell.