Wall Street Indexes Dip as Job Reports Loom

Wall Street's main indexes fell slightly on Tuesday ahead of multiple job reports expected this week. The decline follows Federal Reserve Chair Jerome Powell's comments tempering market expectations for large interest rate cuts. Dow, S&P 500, and Nasdaq Composite experienced minor drops at open.

Wall Street's key indexes saw a slight decline on Tuesday, bracing for the first of several job reports due this week. This follows Federal Reserve Chair Jerome Powell's comments, which pushed back against market hopes for substantial interest rate reductions.

The Dow Jones Industrial Average dropped 67.2 points, or 0.16%, to 42262.97 right at the opening bell. Similarly, the S&P 500 fell 4.7 points, or 0.08%, opening at 5757.73. The Nasdaq Composite experienced a decrease of 34.2 points, or 0.19%, starting the day at 18154.939.

Investor sentiment remains cautious as markets await more definitive economic indicators later in the week.

(With inputs from agencies.)