Wall St opens lower as investors fret over Sept rate hike

By Yashaswini Swamynathan
REUTERS – Wall Street was lower on Monday, dragged down by financial companies, as Federal Reserve officials did little to calm investors nervous about an interest rate hike as early as next week.
A number of top Fed officials have hinted at a possible raise at the central bank’s next policy-setting meeting on Sept. 20-21. The latest was Atlanta Fed Bank President Dennis Lockhart who said on Monday a “serious discussion” was warranted.
However,