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Wall Street opens lower ahead of Fed decision

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Reuters NEW YORK
Last Updated : Jan 29 2014 | 8:27 PM IST

NEW YORK (Reuters) - Wall Street opened lower on Wednesday as the Turkish lira weakened despite its central bank's bold interest-rate hike and ahead of the U.S. Federal Reserve's decision later in the day on its stimulus.

The Dow Jones industrial average fell 129.89 points or 0.82 percent, to 15,798.67, the S&P 500 lost 13.84 points or 0.77 percent, to 1,778.66 and the Nasdaq Composite dropped 33.968 points or 0.83 percent, to 4,063.995.

(Reporting by Chuck Mikolajczak; Editing by Nick Zieminski)

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First Published: Jan 29 2014 | 8:14 PM IST

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