Wall St falls at open as inflation data cements rate hike bets By Reuters
© Reuters. A person walks past the New York Stock Exchange (NYSE) in Manhattan, New York, U.S., March 7, 2022. REUTERS/Andrew Kelly
(Reuters) – Wall Street’s major indexes opened lower on Thursday after data showed consumer prices in February jumped as expected, arguing for an interest rate hike by the Federal Reserve later this month.
The fell 179.48 points, or 0.54%, on the open at 33,106.77. The opened down 25.33 points, or 0.59%, at 4,252.55, while the fell 157.20 points, or 1.19%, at 13,098.35 at the bell. opening.
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