US stocks: Wall Street opens lower after hot CPI data fuels rate-hike bets
All three major indices opened lower for the day
All three principal stock market indexes in the United States commenced the trading day on a downward trajectory on Wednesday, October 14, as a more significant-than-anticipated inflation report stoked speculation of an interest rate increase. The Dow Jones Industrial Average experienced a decline of 85.11 points, or 0.16 percent, dipping to 51,584.99 at the opening bell.
The S&P 500 slipped 31.3 points, or 0.4 percent, to 7,774.18, while the Nasdaq Composite index experienced a downturn of 172.7 points, or 0.63 percent, closing at 27,031.64.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
