Wall Street falls at open on worries over Fed autonomy

Wall Street’s main indexes opened lower on Monday (Jan 12) after the Trump administration renewed its attacks on the Federal Reserve, stoking fresh worries about the central bank’s independence, while a proposed one-year cap on credit-card interest rates weighed on financial stocks.

The Dow Jones Industrial Average fell 4.4 points, or 0.01 per cent, at the open to 49499.67.

The S&P 500 fell 22.2 points, or 0.32 per cent, to 6944.12, while the Nasdaq Composite dropped 94.5 points, or 0.40 per cent, to 23576.877. REUTERS

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