The Business Times
business-time-50

US: Wall St tumbles at open as rising gas prices keep inflation high

google-preferred-sourceAdd BT as a preferred source
Published Fri, Jun 10, 2022 · 09:55 PM
    • The Dow Jones Industrial Average fell 219.27 points or 0.68 per cent at the open to 32,053.52.
    • The Dow Jones Industrial Average fell 219.27 points or 0.68 per cent at the open to 32,053.52. AFP

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    US stock indexes fell sharply at the open on Friday as consumer prices rose more than expected in May, dashing hopes that inflation is peaking and fanning worries about more aggressive steps by the Federal Reserve to tame it.

    The Dow Jones Industrial Average fell 219.27 points or 0.68 per cent at the open to 32,053.52.

    The S&P 500 opened lower by 43.43 points or 1.08 per cent at 3,974.39, while the Nasdaq Composite dropped 210.34 points or 1.79 per cent to 11,543.88 at the opening bell. REUTERS

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Dow JonesNasdaqS&P 500

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    At MHA, Pang led the ministry’s efforts to deal with security threats such as foreign interference and scams, and its responses in critical and sensitive operations. 

    Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire

    Andrew Lee, chairman of OCBC (right), and group chief executive Tan Teck Long speaking at Thursday's (Apr 16) AGM.

    Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman

    Eu Yan Sang group chairman Richard Eu has been with the company since 1989 and has seen plenty of change over the years, such as how employees view their jobs.

    Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant

    US President Donald Trump (left) with Chinese President Xi Jinping at a bilateral meeting on the sidelines of the Apec summit in Busan last October.

    China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More