Dow Jones shares: Dow Jones drops at the open as strong inflation stokes rate hike fears

Wall Street’s main indexes opened lower on Wednesday after stronger-than-expected inflation data fueled fears of tighter monetary policy to combat possibly a longer period of inflation.

The Dow Jones Industrial Average fell 134.8 points, or 0.39%, at the open to 34,134.47. The S&P 500 fell 26.6 points, or 0.63%, at the open to 4,125.78, while the Nasdaq Composite dropped 145.9 points, or 1.09%, to 13,243.64 at the opening bell.