Wall St opens lower as rate-cut rally fizzles; FedEx slides

(Reuters) – Wall Street’s main indexes opened lower on Wednesday as investors took a breather from a rally that was sparked by the Federal Reserve’s likely pivot to a dovish policy, while FedEx tumbled after issuing a grim outlook.

The Dow Jones Industrial Average fell 37.79 points, or 0.10%, at the open to 37,520.13. The S&P 500 opened lower by 3.64 points, or 0.08%, at 4,764.73, while the Nasdaq Composite dropped 29.86 points, or 0.20%, to 14,973.36 at the opening bell.

(Reporting by Shristi Achar A in Bengaluru; Editing by Maju Samuel)