US Stocks Snapshot-Wall St slips at open after inflation data; Nvidia in focus
SPY•Wall Street opens lower after inflation data
Wall Street's main indexes opened lower on Wednesday after hotter-than-expected inflation data reinforced bets on another quarter-point Federal Reserve rate hike this year, as investors awaited results from AI chip leader Nvidia later in the day.
The Dow Jones Industrial Average .DJI fell 29.7 points, or 0.06%, at the open to 53,547.68. The S&P 500 .SPX fell 10.4 points, or 0.14%, at the open to 7,666.88, while the Nasdaq Composite .IXIC dropped 51.7 points, or 0.20%, to 26,099.576 at the opening bell.
