US: Wall Street opens lower after hawkish Bullard remarks

[NEW YORK] Wall Street's main indexes opened lower on Friday after Federal Reserve Bank of St Louis President James Bullard said inflation was stronger than anticipated and it would take the Fed several meetings to figure out how to pare back stimulus.

The Dow Jones Industrial Average fell 200.7 points, or 0.59 per cent, at the open to 33622.7. The S&P 500 fell 17.1 points, or 0.40 per cent, at the open to 4204.78, while the Nasdaq Composite dropped 64.4 points, or 0.45 per cent, to 14096.929 at the opening bell.

REUTERS