Wall Street Falls at Open as Inflation Data Cements Rate Hike Bets

By Reuters
Reuters
Reuters
March 10, 2022 Updated: March 10, 2022

Wall Street’s main indexes opened lower on Thursday after data showed consumer prices in February surged as expected, cementing the case for an interest rate hike by the Federal Reserve later this month.

The Dow Jones Industrial Average fell 179.48 points, or 0.54 percent, at the open to 33,106.77. The S&P 500 opened lower by 25.33 points, or 0.59 percent, at 4,252.55, while the Nasdaq Composite dropped 157.20 points, or 1.19 percent, to 13,098.35 at the opening bell.

Reuters