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Today: May 30, 2024

Wall St set for lower open after hotter-than-expected producer prices data

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Wall St set for lower open after hotter-than-expected producer prices data
August 11, 2023
Reuters


(Reuters) - Wall Street's main indexes opened lower on Friday as stronger-than-expected producer prices data lifted U.S. bond yields, weighing down rate-sensitive megacap technology and growth stocks.

The Dow Jones Industrial Average fell 64.79 points, or 0.18%, at the open to 35,111.36. The S&P 500 opened lower by 18.14 points, or 0.41%, at 4,450.69, while the Nasdaq Composite dropped 104.34 points, or 0.76%, to 13,633.65 at the opening bell.

(Reporting by Bansari Mayur Kamdar in Bengaluru; Editing by Vinay Dwivedi)

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