US: Wall St opens mixed on inflation angst as oil breaches US$130

[NEW YORK] Wall Street's main indexes opened mixed on Monday (Mar 7), as the prospect of a ban on oil imports from Russia pushed Brent above US$130 a barrel and added to concerns over spiraling inflation and slowing economic growth.

The Dow Jones Industrial Average fell 35.05 points, or 0.10 per cent, at the open to 33,579.75.

The S&P 500 opened lower by 1.86 points, or 0.04 per cent, at 4,327.01, while the Nasdaq Composite gained 14.93 points, or 0.11 per cent, to 13,328.36 at the opening bell. REUTERS