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 fell 29.7 points, or 0.06%, at the open to 53,547.68. The S&P 500 fell 10.4 points, or 0.14%, at the open to 7,666.88, while the Nasdaq Composite dropped 51.7 points, or 0.20%, to 26,099.576 at the opening bell.MORE TO COME...
US stocks today: US stocks slip at open after inflation data; Nvidia in focus
US stocks opened lower on Wednesday after hotter-than-expected inflation data strengthened expectations of another Fed rate hike this year. The Dow, S&P 500 and Nasdaq fell at the open as investors awaited Nvidia's earnings, closely watched for fresh clues on AI demand and the broader tech rally.
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