Nasdaq, S&P 500 slide at open as focus shifts to Fed

The benchmark S&P 500 and the tech-heavy Nasdaq opened lower on Tuesday as investors shifted their attention to the Federal Reserve's two-day meeting with a focus on economic and interest rate projections by the U.S. central bankers.

The S&P 500 opened lower by 10.33 points, or 0.20%, at 5,139.09, while the Nasdaq Composite dropped 71.52 points, or 0.44%, to 16,031.93 at the opening bell.

The Dow Jones Industrial Average rose 29.18 points, or 0.08%, at the open to 38,819.61.

More to come...