Wall St opens lower after hot CPI data fuels rate-hike bets

Wall Street's main indexes opened lower on Wednesday after a hotter-than-expected inflation report boosted bets of an interest rate hike this month, while investors parsed more big bank earnings.

The Dow Jones Industrial Average fell 85.11 points, or 0.16 percent, at the open to 51,584.99. The S&P 500 fell 31.3 points, or 0.40 percent, at the open to 7,774.18, while the Nasdaq Composite dropped 172.7 points, or 0.63 percent, to 27,031.64 at the opening bell.

Reuters

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗧𝗵𝗲 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 𝗔𝗽𝗽 ↓