Nasdaq falls as megacaps drop ahead of earnings, Fed meet in focus

© 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 indexes opened lower on Monday, with the tech-focused Nasdaq dropping nearly 1%, to kick-start the busiest week of the earnings season and ahead of key central bank meetings.

The dropped 109.37 points, or 0.94%, to 11,512.34 at the opening bell.

The fell 68.87 points, or 0.20%, at the open to 33,909.21, while The opened lower by 21.29 points, or 0.52%, at 4,049.27.


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