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US stocks today: US stocks open lower after hotter-than-expected producer inflation data

US stocks opened lower on Thursday after August producer prices strengthened expectations of a possible Federal Reserve rate hike this month. The Dow, S&P 500 and Nasdaq fell at the open, while escalating Middle East tensions pushed oil…

US stocks today: US stocks open lower after hotter-than-expected producer inflation data
US stocks today: US stocks open lower after hotter-than-expected producer inflation data
Reuters
Synopsis

US stocks opened lower on Thursday after August producer prices strengthened expectations of a possible Federal Reserve rate hike this month. The Dow, S&P 500 and Nasdaq fell at the open, while escalating Middle East tensions pushed oil prices above $100 a barrel, adding to inflation and market concerns.

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