US: Wall St opens lower as inflation data adds to rate-hike worries

WALL Street’s main indexes opened lower on Friday (Sep 30) as resilient core inflation in August stoked fears of more big-sized interest-rate hikes denting a rebound in consumer spending.

The Dow Jones Industrial Average fell 102.58 points, or 0.35 per cent, at the open to 29,123.03.

The S&P 500 opened lower by 6.99 points, or 0.19 per cent, at 3,633.48, while the Nasdaq Composite dropped 39.80 points, or 0.37 per cent, to 10,697.71 at the opening bell. REUTERS