Wall St opens lower after hotter-than-expected producer inflation data
[NEW YORK] The major US stock indexes opened lower on Thursday (Sep 10) after producer prices data for August raised expectations of...
On Thursday, September 10, major US stock indexes opened lower, according to Reuters. The Dow Jones Industrial Average fell 88.8 points, or 0.17 percent, at the opening bell, settling at 52,291.85. The S&P 500 dipped 41.6 points, or 0.55 percent, reaching 7,594.74, while the Nasdaq Composite lost 232.3 points, or 0.88 percent, closing at 26,021.052.
The hotter-than-expected producer inflation data for August heightened expectations of an interest rate increase this month. Additionally, an escalating conflict in the Middle East drove oil prices above $100 a barrel.
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