U.S. stocks open mostly lower after wholesale inflation report, jobless claims data
Posted on AllSides May 11th, 2023
From The Center
The U.S. stock market opened mostly lower Thursday, as investors digested a fresh reading on wholesale inflation and weekly jobless claims data. The Dow Jones Industrial Average DJIA was down 0.5% soon after the opening bell, while the S&P 500 SPX fell 0.2% and the Nasdaq Composite COMP gained 0.1%, according to FactSet data, at last check. The producer-price index, a measure of wholesale inflation in the U.S., rose 0.2% in April, according to a Department of Labor report Thursday. That’s slightly below the 0.3% rise forecast by economists polled...