US: Wall St opens lower as inflation data stokes rate hike concerns

WALL Street’s main indexes opened lower on Wednesday as US consumer prices rose more than expected in April, fuelling concerns about aggressive monetary policy tightening.

The Dow Jones Industrial Average fell 37.50 points or 0.12 per cent at the open to 32,123.24.

The S&P 500 opened lower by 10.97 points or 0.27 per cent at 3,990.08, while the Nasdaq Composite dropped 92.10 points or 0.78 per cent to 11,645.57 at the opening bell. REUTERS