US: Wall St opens lower as surging consumer prices fan inflation fears

[NEW YORK] Wall Street's main indexes opened lower on Wednesday as a surge in US consumer prices last month deepened fears that high inflation is here to stay.

The Dow Jones Industrial Average fell 20.73 points or 0.06 per cent at the open to 36,299.25.

The S&P 500 opened lower by 14.99 points or 0.32 per cent at 4,670.26, while the Nasdaq Composite dropped 132.70 points or 0.84 per cent to 15,753.84 at the opening bell.

REUTERS