Wall St slips at open after inflation data; Nvidia in focus
[NEW YORK] Wall Street’s main indexes opened lower on Wednesday (Aug 26) after hotter-than-expected inflation data reinforced bets on another quarter-point Federal...
The Wall Street main indexes opened lower on Wednesday, August 26, following hotter-than-expected inflation data, which fueled expectations of another Federal Reserve rate hike later in the year. Investors were looking ahead to AI chip leader Nvidia's results later in the day. The Dow Jones Industrial Average dropped 29.7 points, or 0.06%, to 53,547.68 at the opening bell. The S&P 500 declined by 10.4 points, or 0.14%, to 7,666.88, while the Nasdaq Composite fell 51.7 points, or 0.20%, to 26,099.576.
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