U.S. stocks opened lower Wednesday after a reading of consumer prices suggested that inflation might be rising at a sufficiently healthy pace to warrant a rate increase by the Federal Reserve as early at its next meeting in September. The S&P 500 lost about 6 points, or 0.3%, to 2,088, the Dow Jones Industrial Average lost 113 points, or 0.7%, to 17,387 while the Nasdaq Composite Index fell 21 points, or 0.5%, to 5,034.
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From:: Stock Market News