Wall Street Dips as Investors Await Key Economic Signals

Wall Street's main indexes fell as investors awaited new economic data and a speech from Federal Reserve Chair Jerome Powell. The Dow, S&P 500, and Nasdaq all opened lower, reflecting market caution ahead of potential central bank policy announcements.

Wall Street experienced a decline on Monday morning, with major indexes opening lower. Investors showed caution, opting to stay on the sidelines as they anticipated the release of new economic data.

A closely monitored speech from Federal Reserve Chair Jerome Powell also contributed to the market's hesitant behavior, with many looking for insights into potential policy shifts.

The Dow Jones Industrial Average opened at 47,580.85, falling by 135.6 points. Meanwhile, the S&P 500 decreased by 36.8 points to 6,812.3, and the Nasdaq Composite saw a drop of 193.3 points, opening at 23,172.342.

(With inputs from agencies.)