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

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