Markets Diverge as Wall Street Awaits Fed Decision

The S&P 500 and the Nasdaq opened lower on Monday due to cautious sentiment on Wall Street ahead of the Federal Reserve's significant monetary policy decision. Conversely, the Dow Jones Industrial Average opened slightly higher, reflecting mixed market reactions in anticipation of a potential steep cut in borrowing costs.

Monday's stock market saw a mixed opening as the S&P 500 and the Nasdaq opened lower, reflecting caution among traders ahead of a key Federal Reserve decision on monetary policy.

As Wall Street awaited the decision, the Dow Jones Industrial Average rose slightly by 41.4 points, or 0.10%, standing at 41,435.17.

Meanwhile, the S&P 500 fell by 10.8 points, or 0.19%, to 5,615.21, and the Nasdaq Composite dropped significantly by 110.3 points, or 0.62%, to 17,573.702 at the opening bell.

(With inputs from agencies.)