US: Wall St opens muted after hot PPI keeps smaller rate cut in view

Wall Street’s main indexes were subdued at the open on Thursday (Sep 12) as a hot producer prices reading kept a smaller 25-basis point interest rate cut by the Federal Reserve firmly on the table.

The Dow Jones Industrial Average fell 0.4 point at the open to 40,862.11.

The S&P 500 rose 3.3 points, or 0.06 per cent, at the open to 5,557.48​, while the Nasdaq Composite rose 18.4 points, or 0.11 per cent, to 17,413.889, at the opening bell. REUTERS