US: Wall St opens lower as oil output cut reignites inflation worries

WALL Street’s main indexes opened lower on Monday (Apr 3) after a surge in oil prices brought back inflation worries, bolstering bets that the US Federal Reserve will deliver another interest rate hike at its next meeting.

The Dow Jones Industrial Average fell 28.37 points, or 0.09 per cent, at the open to 33,245.78.

The S&P 500 opened lower by 7.11 points, or 0.17 per cent, at 4,102.20, while the Nasdaq Composite dropped 75.81 points, or 0.62 per cent, to 12,146.09 at the opening bell. REUTERS