US: Stocks open lower on jump in inflation
[NEW YORK] US stocks fell early Wednesday following a data report showing consumer inflation jumped in January, as fears of faster Federal Reserve interest rate hikes threatened to end a three-day streak of stock gains.
About five minutes into trading, the Dow Jones Industrial Average was down 0.3 per cent to 24,565.72.
The broad-based S&P 500 also retreated 0.3 per cent to 2,654.76, and the tech-rich Nasdaq Composite Index also slid 0.3 per cent to 6,994.94.
AFP
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Yen surges against US dollar on suspected intervention
Singapore stocks start week in the black ahead of Fed meeting; STI up 0.1%
Sembcorp announces long-term power purchase agreements with Equinix
Asia: Shares rise as Fed looms large; yen crumbles below key level
Singapore stocks decline at Monday’s open; STI down 0.3%
Stocks to watch: Singtel, Keppel, Great Eastern, Seatrium, Best World