Wall Street Opens Mixed as PPI Reinforces Fed Concerns; Dow up 40 Pts By Investing.com



© Reuters.

By Geoffrey Smith 

Investing.com — U.S. stock markets opened mostly lower on Tuesday after another higher-than-expected producer price inflation print reinforced fears that the Federal Reserve will speed up the tightening of monetary policy at its meeting this week.

U.S. producer prices rose 9.6% in the year through November, with a thumping 0.7% monthly rise underlining the fact that this is not just down to base effects from a pandemic-distorted year. Core prices rose 0.7% on the month and by 7.7% on the year. 

By 9:45 AM ET (1445 GMT), the was up 44 points, or 0.1% at 35,695 points, but the was down 0.4% and the was down 0.9%, both extending Monday’s losses. 

 

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