Wall street’s main indexes opened subdued on Friday after a hotter-than-expected producer prices report dampened expectations of imminent interest rate cuts by the U.S. Federal Reserve.
The Dow Jones Industrial Average fell 21.41 points, or 0.06 percent, at the open to 38,751.71. The S&P 500 opened higher by 1.40 points, or 0.03 percent, at 5,031.13, while the Nasdaq Composite gained 4.26 points, or 0.03 percent, to 15,910.43 at the opening bell.
