Wall Street’s main indexes opened lower on Wednesday after soaring oil prices fed into fears of higher inflation, while a survey showing a strong rise in private jobs last month fueled concerns of a sooner-than-expected easing of monetary stimulus. The Dow Jones Industrial Average fell 115.71 points, or 0.34 percent, at the open to 34,198.96. The S&P 500 opened lower by 26.15 points, or 0.60 percent, at 4,319.57, while the Nasdaq Composite dropped 144.38 points, or 1.00 percent, to 14,289.45 at the opening bell.
Wall Street Slides on Inflation Worries; ADP Jobs Beat Sparks Taper Fears
October 6, 2021
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