Salem Radio Network News Wednesday, July 28, 2021

Business

Wall St opens lower after inflation data; earnings limit declines

(Reuters) – Wall Street’s main indexes opened lower on Tuesday after a solid rise in consumer prices in June reignited worries about economic growth peaking, while upbeat earnings reports from banks and PepsiCo kept declines at bay.

The Dow Jones Industrial Average fell 36.2 points, or 0.10%, at the open to 34959.96. The S&P 500 declined 3.6 points, or 0.08%, at the open to 4381.07‚Äč, while the Nasdaq Composite dropped 18.1 points, or 0.12%, to 14715.133 at the opening bell.

(Reporting by Devik Jain in Bengaluru; Editing by Maju Samuel)

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