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US STOCKS SNAPSHOT-Wall St tumbles at open as rising gas prices keep inflation high

reuters.com · 06/10/2022 09:33
US STOCKS SNAPSHOT-Wall St tumbles at open as rising gas prices keep inflation high

- U.S. stock indexes fell sharply at the open on Friday as consumer prices rose more than expected in May, dashing hopes that inflation is peaking and fanning worries about more aggressive steps by the Federal Reserve to tame it.

The Dow Jones Industrial Average .DJI fell 219.27 points, or 0.68%, at the open to 32,053.52.

The S&P 500 .SPX opened lower by 43.43 points, or 1.08%, at 3,974.39, while the Nasdaq Composite .IXIC dropped 210.34 points, or 1.79%, to 11,543.88 at the opening bell.


(Reporting by Devik Jain in Bengaluru; Editing by Aditya Soni)

((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2062; ;))