US: Wall St falls at open as inflation data cements rate hike bets

[NEW YORK] Wall Street's main indexes opened lower on Thursday (Mar 10) after data showed consumer prices in February surged as expected, cementing the case for an interest rate hike by the Federal Reserve later this month.

The Dow Jones Industrial Average fell 179.48 points, or 0.54 per cent, at the open to 33,106.77.

The S&P 500 opened lower by 25.33 points, or 0.59 per cent, at 4,252.55, while the Nasdaq Composite dropped 157.20 points, or 1.19 per cent, to 13,098.35 at the opening bell. REUTERS