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US STOCKS SNAPSHOT-Wall St slumps at open after hot inflation data

US STOCKS SNAPSHOT-Wall St slumps at open after hot inflation data

Reuters · 09/13/2022 09:32
US STOCKS SNAPSHOT-Wall St slumps at open after hot inflation data

- Wall Street's main indexes opened sharply lower on Tuesday after data showed monthly U.S consumer prices unexpectedly rose in August, cementing bets of a third straight 75-basis-point rate hike from the Federal Reserve week.

The Dow Jones Industrial Average .DJI fell 374.84 points, or 1.16%, at the open to 32,006.50.

The S&P 500 .SPX opened lower by 73.29 points, or 1.78%, at 4,037.12, while the Nasdaq Composite .IXIC dropped 357.60 points, or 2.92%, to 11,908.81 at the opening bell.


(Reporting by Sruthi Shankar in Bengaluru; Editing by Anil D'Silva)

((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2787;))