Wall Street Wobbles as Investors Brace for Economic Data

Wall Street's major indexes opened lower on Tuesday due to investor caution ahead of upcoming economic data reports that might impact Federal Reserve's monetary policy easing this year. The Dow Jones dropped by 73.41 points, S&P 500 by 24.51 points, and Nasdaq Composite by 128.17 points.

Wall Street's main indexes opened on a weaker note Tuesday as investors opted for caution in anticipation of several crucial economic data reports expected this week. These reports are likely to shape the Federal Reserve's monetary policy direction for the rest of the year.

The Dow Jones Industrial Average saw an early decline of 73.41 points, representing a 0.18% drop, to settle at 41,489.67. The S&P 500 did not fare any better, starting the day with a decrease of 24.51 points or 0.43%, opening at 5,623.89. Meanwhile, the Nasdaq Composite recorded the most significant drop, shedding 128.17 points, or 0.72%, to begin the day at 17,585.45.

Market participants remain on edge as they await more data, which will provide greater clarity on the potential trajectory of monetary policy adjustments by the Federal Reserve.

(With inputs from agencies.)