US: S&P 500, Nasdaq subdued at open after inflation data

THE S&P 500 and Nasdaq were muted at the open on Tuesday (Dec 12) as the latest inflation reading turned investors cautious ahead of the Federal Reserve’s policy decision, even as it cemented expectations that interest rates have peaked.

The Dow Jones Industrial Average rose 37.17 points, or 0.10 per cent, at the open to 36,442.10.

The S&P 500 opened lower by 4.14 points, or 0.09 per cent, at 4,618.30, while the Nasdaq Composite dropped 9.48 points, or 0.07 per cent, to 14,423.01 at the opening bell. REUTERS