US: Wall St opens lower after data fans inflation worries

Wall Street Opens Lower Amid Rising Inflation Concerns

[NEW YORK] Wall Street’s main indexes opened lower on Friday (Mar 28) as data showed underlying price pressures rose more than expected last month and fuelled concerns that the Trump administration’s tariff policies could further stoke inflation.

Market Performance

The Dow Jones Industrial Average fell 53.9 points, or 0.13 per cent, at the open to 42,245.82.

The S&P 500 fell 14.1 points, or 0.25 per cent, at the open to 5,679.2​, while the Nasdaq Composite dropped 81.9 points, or 0.46 per cent, to 17,722.087 at the opening bell.

Reasons for Market Decline

The market decline can be attributed to the rising inflation concerns, which were fueled by the data showing underlying price pressures rose more than expected last month. The Trump administration’s tariff policies also contributed to the decline, as it is perceived to further stoke inflation.

Conclusion

The market opened lower due to rising inflation concerns, which were fueled by the data showing underlying price pressures rose more than expected last month. The Trump administration’s tariff policies also contributed to the decline, as it is perceived to further stoke inflation.

FAQs

Q: What was the reason for the market decline?

A: The market decline was attributed to the rising inflation concerns, which were fueled by the data showing underlying price pressures rose more than expected last month. The Trump administration’s tariff policies also contributed to the decline, as it is perceived to further stoke inflation.

Q: Which indexes were affected by the market decline?

A: The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite were all affected by the market decline.

Q: What is the implication of the market decline?

A: The market decline has implications for investors, as it may affect their investments and portfolios. It also has implications for the economy, as it may affect consumer spending and business investment.