Wall street starts lower after inflation data; earnings limit declines
Wall Street's main indexes opened lower on Tuesday after a solid rise in consumer prices in June reignited worries about economic growth peaking, while upbeat earnings reports from banks and PepsiCo kept declines at bay.
- Jul 13, 2021,
- Updated Jul 13, 2021 8:32 PM IST
Wall Street's main indexes opened lower on Tuesday after a solid rise in consumer prices in June reignited worries about economic growth peaking, while upbeat earnings reports from banks and PepsiCo kept declines at bay.
The Dow Jones Industrial Average fell 36.2 points, or 0.10 per cent, at the open to 34959.96. The S&P 500 declined 3.6 points, or 0.08 per cent, at the open to 4381.07, while the Nasdaq Composite dropped 18.1 points, or 0.12 per cent, to 14715.133 at the opening bell.
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Wall Street's main indexes opened lower on Tuesday after a solid rise in consumer prices in June reignited worries about economic growth peaking, while upbeat earnings reports from banks and PepsiCo kept declines at bay.
The Dow Jones Industrial Average fell 36.2 points, or 0.10 per cent, at the open to 34959.96. The S&P 500 declined 3.6 points, or 0.08 per cent, at the open to 4381.07, while the Nasdaq Composite dropped 18.1 points, or 0.12 per cent, to 14715.133 at the opening bell.
Also Read: Stocks in news : Reliance Industries, Future Retail, Bharti Airtel, Dr Reddy's and more
Also Read: Sensex rises 397 points, Nifty closes above 15,800; banking, consumer durables stocks lead gains