Wall Street’s main indexes opened sharply lower on Thursday, with the Nasdaq leading the losses, after data showed a bigger-than-expected rise in consumer prices last month, giving more ammunition to the Federal Reserve to stick to aggressive rate hikes.
.
The Dow Jones Industrial Average fell 455.0 points, or 1.56%, at the open to 28755.83. The S&P 500 fell 56.7 points, or 1.58%, at the open to 3520.3, while the Nasdaq Composite dropped 285.3 points, or 2.74%, to 10131.816 at the opening bell.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
