US stocks open mostly lower ahead of Fed rate decision

Most of the main US stock indices fell on Monday, ahead of the Federal Reserve's meeting later this week.

The Fed will start its meeting on Tuesday, and will continue until Wednesday, followed by the interest rate decision, which is expected to be held unchanged near zero.

The Federal Open Market Committee is expected to discuss the rising inflation rate, especially after the recent increase of 0.6% in the consumer price index during May, which is the highest level since 2008.

Federal Reserve Chairman Jerome Powell will comment on monetary policy afterwards at a press conference.

As for stocks, Dow Jones Industrial fell 0.4% or 144 points to 34,336 as of 14:00 GMT, S&P 500 fell 0.2% or 7 points to 4,240, while Nasdaq rose 0.2% or 30 points to 14,090.