US STOCKS SNAPSHOT-S&P 500 opens muted as hot inflation data signals rates to stay on hold
Dow Jones Industrial Average
S&P 500 index
NASDAQ
Dow Jones Industrial Average DJI | 0.00 | |
S&P 500 index SPX | 0.00 | |
NASDAQ IXIC | 0.00 |
May 13 (Reuters) - The S&P 500 was subdued at the open on Wednesday, as hotter-than-anticipated producer prices reinforced bets that the Federal Reserve would keep monetary policy restrictive all through this year.
The Dow Jones Industrial Average .DJI fell 86.0 points, or 0.17%, at the open to 49,674.58. The S&P 500 .SPX rose 8.2 points, or 0.11%, at the open to 7,409.12, while the Nasdaq Composite .IXIC rose 59.4 points, or 0.23%, to 26,147.646 at the opening bell.
