Stocks Open Lower After Hot Inflation Report Sparks Worst Wall Street Drop in 4 Weeks

Stocks Open Lower After Hot Inflation Report Sparks Worst Wall Street Drop in 4 Weeks
Traders work at the New York Stock Exchange (NYSE) at Wall Street in New York on Feb. 24, 2020. Johannes Eisele/AFP via Getty Images
Tom Ozimek
Tom Ozimek
Reporter
|Updated:
0:00

U.S. stocks opened lower on Friday after Wall Street’s main indexes suffered their biggest decline in four weeks on Thursday, sparked by a hot inflation report and hawkish comments by Federal Reserve officials and investment bank bets on bigger interest rate hikes.

On Friday morning, shares slipped in Asia, Europe, and the United States, extending Thursday’s sharp declines on the major U.S. averages.

Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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