US: Wall St opens subdued after in-line inflation data

WALL Street’s main indexes had a subdued start on Friday (Feb 28) after data showed inflation rose as expected in January, while concerns that US President Donald Trump’s policies could further fuel price pressures kept investors cautious.

The Dow Jones Industrial Average rose 20.3 points, or 0.05 per cent, at the open to 43,259.84.

The S&P 500 fell 4.8 points, or 0.08 per cent, at the open to 5,856.74, while the Nasdaq Composite dropped 67.2 points, or 0.36 per cent, to 18,477.171 at the opening bell. REUTERS