Stocks Open Lower As Investors Grow Wary of Economic Data Testing Rate Cut Hopes
- Wall Street indexes opened lower on Monday ahead of economic data releases
- Investors turned wary as data may test narrative of a Fed rate cut in 2023
- S&P 500 fell 0.43% at open to 36,089 points
- Nasdaq opened 0.66% lower at 4,564 points
- Dow dropped 136 points, 0.95%, at the opening bell to 14,169 points