Wall Street Opens Lower on Inflation Concerns; Fed Speakers in Focus

Wall Street Opens Lower on Inflation Concerns; Fed Speakers in Focus
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City on July 26, 2023. Brendan McDermid/Reuters
Reuters
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Wall Street’s main indexes fell at open on Thursday as weaker-than-expected jobless claims data added to concerns about sticky inflation, while investors awaited comments from key Federal Reserve officials later in the day.

The Dow Jones Industrial Average fell 92.01 points, or 0.27 percent, at the open to 34,351.18. The S&P 500 opened lower by 30.93 points, or 0.69 percent, at 4,434.55, while the Nasdaq Composite dropped 197.37 points, or 1.42 percent, to 13,675.11 at the opening bell.