S&P 500 opens muted as hot inflation data signals rates to stay on hold

The S&P 500 was subdued at the open on Wednesday, as hotter-than-anticipated producer prices reinforced bets that the Federal Reserve would keep monetary policy restrictive all through this year.

The Dow Jones Industrial Average fell 86.0 points, or 0.17 percent, at the open to 49,674.58. The S&P 500 rose 8.2 points, or 0.11 percent, at the open to 7,409.12​, while the Nasdaq Composite rose 59.4 points, or 0.23 percent, to 26,147.646 at the opening bell.

Reuters

 

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