Stock market opens lower after higher than expected inflation report

From Google: 2024-10-10 10:34:00

The Dow and Nasdaq open lower following a slightly higher than expected inflation report. The Dow is down 0.2% while the Nasdaq is down 0.8%. Inflation rose 0.9% in April, slightly higher than the 0.2% expected, with the core inflation rate increasing by 0.9%. Bond yields are also up, with the 10-year Treasury yield increasing to 1.64%. Tech stocks are particularly affected by the higher inflation numbers, with Apple, Amazon, Facebook, and Google parent Alphabet all trending lower at the open. Investors are closely watching the Federal Reserve’s response to the inflation data.



Read more at Google: Stock Market Today: Dow, Nasdaq Open Lower After Inflation Report Comes in a Touch Hot — Live Updates – The Wall Street Journal