US: Wall St opens lower as fears of hawkish Fed grow

WALL Street’s main stock indexes opened lower on Friday (Feb 17) on worries that accelerating inflation in the face of a sturdy US economy could prompt the Federal Reserve to err on the side of caution by keeping monetary policy restrictive through the year.

The Dow Jones Industrial Average fell 19.84 points, or 0.06 per cent, at the open to 33,677.01.

The S&P 500 opened lower by 13.02 points, or 0.32 per cent, at 4,077.39, while the Nasdaq Composite dropped 78.33 points, or 0.66 per cent, to 11,777.51 at the opening bell. REUTERS