5/11/2022, 3:31 PM (Source: TeleTrader)
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US opens mostly lower as CPI data overshoots estimates

Shares on the major stock market indices in the United States traded mostly in the red after the US Bureau of Labor Statistics unveiled that consumer prices in the country rose by an annual 8.3% in April, slightly exceeding the forecasts.

After the session, The Walt Disney Co. and plant-based meat maker Beyond Meat are due to release their quarterly earnings reports.

The Dow Jones Industrial Average was flat as the session started. The Nasdaq 100 was down by 1.01% at the same time as Illumina plunged 3.29% a minute later. The S&P 500 concurrently dropped 0.29%.

The euro added 0.24% compared to the dollar, going for 1.05546 at 9:29 am ET.

Baha Breaking News (BBN) / BU