S&P 500, Nasdaq Open Higher After Selloff, Inflation Worries Weigh

S&P 500, Nasdaq Open Higher After Selloff, Inflation Worries Weigh
The Nasdaq logo is displayed at the Nasdaq Market site in Times Square in New York on Dec. 3, 2021. Jeenah Moon/Reuters
Reuters
Updated:

The S&P 500 and the Nasdaq rose at the open on Wednesday, but the gains were capped by worries around the rising chances of more jumbo-sized rate hikes following a higher-than-expected rise in producer prices in September.

The Dow Jones Industrial Average fell 6.1 points, or 0.02 percent, at the open to 29,233.06. The S&P 500 rose 2.0 points, or 0.06 percent, at the open to 3,590.83​, while the Nasdaq Composite rose 10.8 points, or 0.10 percent, to 10,436.996 at the opening bell.