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FILE PHOTO: A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City

MONEY & BUSINESS: Wall Street opens lower on inflation worries



FILE PHOTO: A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, New York, U.S., July 19, 2021. REUTERS/Andrew Kelly

October 11, 2021

(Reuters) – Wall Street’s main indexes opened lower on Monday as surging commodity prices added to inflation worries, clouding expectations for third-quarter earnings season set to start with Wall Street banks later this week.

The Dow Jones Industrial Average fell 22.46 points, or 0.06%, at the open to 34,723.79. The S&P 500 opened lower by 5.90 points, or 0.13%, at 4,385.44, while the Nasdaq Composite dropped 39.46 points, or 0.27%, to 14,540.08 at the opening bell.

(Reporting by Shreyashi Sanyal in Bengaluru; Editing by Arun Koyyur)






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