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U.S. stocks open lower after hotter-than-expected producer price inflation data

us stocks open lower after hotter than expected producer price inflation data

U.S. stocks opened lower on Wednesday after erasing their premarket gains as data showed producer-price inflation accelerated more quickly than expected last month. The S&P 500 SPX, +0.24% fell 10 points, or 0.3%, to 3,579. The Dow Jones Industrial Average DJIA, +0.47% retreated 84 points, or 0.3%, to 29,155. The Nasdaq Composite declined 27 points, or 0.3%, to 10,399.

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