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Nasdaq sinks 2% at open as hot inflation data drives rate-cut jitters
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The Dow Jones Industrial Average fell 98.21 points, or 0.25%, at the open to 38,699.17.
The S&P 500 opened lower by 53.90 points, or 1.07%, at 4,967.94, while the Nasdaq Composite dropped 343.67 points, or 2.16%, to 15,598.88 at the opening bell.
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About this in other media
Posthaste: Bank of Canada a lot closer to inflation target — and rate cuts — than it thinks, strategist says financialpost.com /8 months ago
Dollar holds steady after strong U.S. data dents rate-cut hopes investing.com /9 months ago
S&P, Nasdaq futures rise ahead of inflation data; Applied Materials surges investing.com /9 months ago
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