US: Wall Street falls at open on concerns over rate outlook

WALL Street’s main indices dropped at the open on Friday (Dec 20) on fears over high interest rates next year, although a cooler-than-expected inflation report for November stymied losses.

The Dow Jones Industrial Average fell 46 points, or 0.11 per cent, at the open to 42,296.26. The S&P 500 fell 25.1 points, or 0.43 per cent, to 5,842​, while the Nasdaq Composite dropped 182.7 points, or 0.94 per cent, to 19,190.042. REUTERS