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US STOCKS SNAPSHOT-Wall St opens sharply lower as hot inflation data dents rate cut hopes

ReutersFeb 12, 2025 2:31 PM

- Wall Street's main indexes dropped at the open on Wednesday, as a hotter-than-anticipated inflation reading added to concerns that the Federal Reserve would not cut interest rates anytime soon.

The Dow Jones Industrial Average .DJI fell 236.0 points, or 0.53%, at the open to 44357.7. The S&P 500 .SPX fell 43.4 points, or 0.72%, at the open to 6025.08​, while the Nasdaq Composite .IXIC dropped 207.3 points, or 1.06%, to 19436.511 at the opening bell.

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