US: Wall St opens lower on caution ahead of inflation data

Wall Street’s main indexes opened lower on Wednesday (Feb 28) ahead of an inflation reading later in the week that would influence bets on when the Federal Reserve will start cutting interest rates.

The Dow Jones Industrial Average fell 34.33 points, or 0.09 per cent, at the open to 38,938.08.

The S&P 500 opened lower by 10.98 points, or 0.22 per cent, at 5,067.20, while the Nasdaq Composite dropped 66.16 points, or 0.41 per cent, to 15,969.14 at the opening bell. REUTERS