Wall Street opens lower, focus on data and Fed minutes

Wall Street's main indexes opened lower on Wednesday as investors locked in profits after a strong 2023 and awaited economic data and the Federal Reserve's December meeting minutes for hints on the path of interest rates this year.

The Dow Jones Industrial Average fell 85.81 points, or 0.23%, at the open to 37,629.23. The S&P 500 opened lower by 17.76 points, or 0.37%, at 4,725.07, while the Nasdaq Composite dropped 124.47 points, or 0.84%, to 14,641.47 at the opening bell. (Reporting by Sruthi Shankar in Bengaluru; Editing by Shinjini Ganguli)