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US: Stocks open lower on jump in inflation
[NEW YORK] US stocks fell early Wednesday following a data report showing consumer inflation jumped in January, as fears of faster Federal Reserve interest rate hikes threatened to end a three-day streak of stock gains.
About five minutes into trading, the Dow Jones Industrial Average was down 0.3 per cent to 24,565.72.
The broad-based S&P 500 also retreated 0.3 per cent to 2,654.76, and the tech-rich Nasdaq Composite Index also slid 0.3 per cent to 6,994.94.