US: Wall Street opens lower as investors brace for Fed meet; Walmart slides

WALL Street’s main indices opened lower on Thursday (Aug 21), as investors turned cautious ahead of the US Federal Reserve’s three-day conference in Jackson Hole, while big-box retailer Walmart’s quarterly results did little to lift sentiment.

The Dow Jones Industrial Average fell 130.1 points or 0.3 per cent at the open to 44,808.21. The S&P 500 dropped 14.9 points or 0.2 per cent to 6,380.83​, and the Nasdaq Composite declined 60.3 points or 0.3 per cent to 21,112.523. REUTERS