Wall St opens lower as inflation data adds to rate-hike worries

(Reuters) – Wall Street’s main indexes opened lower on Friday as resilient core inflation in August stoked fears of more big-sized interest-rate hikes denting a rebound in consumer spending.

The Dow Jones Industrial Average fell 102.58 points, or 0.35%, at the open to 29,123.03. The S&P 500 opened lower by 6.99 points, or 0.19%, at 3,633.48, while the Nasdaq Composite dropped 39.80 points, or 0.37%, to 10,697.71 at the opening bell.

(Reporting by Shreyashi Sanyal in Bengaluru; Editing by Arun Koyyur)

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