US: S&P 500, Dow open lower on inflation fears; Powell-Biden talks in focus

THE S&P 500 and Dow opened lower on Tuesday as soaring oil prices and hawkish comments from a Federal Reserve official spooked investors, with focus turning to talks between US President Joe Biden and Fed Chair Jerome Powell later in the day.

The Dow Jones Industrial Average fell 52.37 points or 0.16 per cent at the open to 33,160.59.

The S&P 500 opened lower by 7.15 points or 0.17 per cent at 4,151.09, while the Nasdaq Composite gained 6.41 points or 0.05 per cent to 12,137.54 at the opening bell. REUTERS