Wall Street opens lower as investors reassess rate-cut hopes

Wall Street's main indexes opened lower on Thursday, as fresh economic data and remarks from a Federal Reserve official tempered optimism around further rate cuts.

The Dow Jones Industrial Average fell 23.8 points, or 0.05 percent, at the open to 46,097.43. The S&P 500 fell 29.8 points, or 0.45 percent, to 6,608.19 , while the Nasdaq Composite dropped 179.1 points, or 0.80 percent, to 22,318.766.

REUTERS