March 25 - Wall Street's main indexes kicked off the holiday-shortened week lower on Monday as investors looked ahead to commentary from Federal Reserve officials and key inflation data, while Boeing gained after the planemaker said its CEO would be stepping down.
However, late on Friday, Atlanta Fed President Raphael Bostic cited persistent inflation and stronger-than-anticipated economic data and said he now expects just a single quarter-point cut, instead of the two he had projected earlier. At 9:32 a.m. ET, the Dow Jones Industrial Average , opens new tab was down 60.12 points, or 0.15%, at 39,415.78, the S&P 500 , opens new tab was down 13.55 points, or 0.26%, at 5,220.63 and the Nasdaq Composite , opens new tab was down 83.55 points, or 0.51%, at 16,345.26.
The Philadelphia Semiconductor Index , opens new tab shed 1%, while most megacap growth stocks also edged lower in early trading. Advancing issues outnumbered decliners by a 1.77-to-1 ratio on the NYSE and by a 1.41-to-1 ratio on the Nasdaq.
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