The major Wall Street indexes declined at the start of trading on Friday as headline inflation statistics for August increased concerns about further big interest rate increases, damaging the recovery in consumer spending.
To begin trading at 29,123.03 points, the Dow Jones index lost 102.58 points, or 0. 35%.
To 3,633.48 points, the Standard & Poor’s 500 Index dropped 6. 99 points, or 0. 19%.
To 10,697.71, the Nasdaq Composite Index dropped 39. 80 points, or 0. 37%.
Fears of interest rate increases cause Wall Street to decline at opening.
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