Wall Street opens lower as soaring crude prices fan inflation worries

Wall Street’s main indexes opened lower on Monday, as soaring oil prices heightened inflation worries, with the Middle East conflict entering its tenth day.

The Dow Jones Industrial Average fell 130.3 points, or 0.27 percent, at the open to 47,371.28. The S&P 500 fell 40.2 points, or 0.60 percent, at the open to 6,699.8, while the Nasdaq Composite dropped 203.6 points, or 0.91 percent, to 22,184.047 at the opening bell.

Reuters