The major U.S. stock indexes opened lower on Thursday after producer prices data for August raised expectations of an interest rate hike this month, while an escalating conflict in the Middle East pushed oil prices above $100 a barrel.The Dow Jones Industrial Average fell 88.8 points, or 0.17%, at the open to 52291.85. The S&P 500 fell 41.6 points, or 0.55%, at the open to 7594.74, while the Nasdaq Composite dropped 232.3 points, or 0.88%, to 26021.052 at the opening bell.For live updates on US Markets, click here
US stocks today: US stocks open lower after hotter-than-expected producer inflation data
US stocks opened lower on Thursday after August producer prices strengthened expectations of a possible Federal Reserve rate hike this month. The Dow, S&P 500 and Nasdaq fell at the open, while escalating Middle East tensions pushed oil prices above $100 a barrel, adding to inflation and market concerns.
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