Wall St opens lower after hot CPI data fuels rate-hike bets
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FILE PHOTO: A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, New York, U.S., July 19, 2021. REUTERS/Andrew Kelly/File Photo
Oct 14 (Reuters) - Wall Street's main indexes opened lower on Wednesday after a hotter-than-expected inflation report boosted bets of an interest rate hike this month, while investors parsed more big bank earnings.
The Dow Jones Industrial Average fell 85.11 points, or 0.16%, at the open to 51,584.99. The S&P 500 fell 31.3 points, or 0.40%, at the open to 7,774.18, while the Nasdaq Composite dropped 172.7 points, or 0.63%, to 27,031.64 at the opening bell.
(Reporting by Purvi Agarwal in Bengaluru; Editing by Devika Syamnath)
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