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Wall Street opens lower as inflation worries persist

Wall Street’s main indexes opened lower on Monday (May 17, 2021) after a sharp recovery late last week, as signs of inflationary pressures building in the economy kept investors worried about monetary policy tightening.

The Dow Jones Industrial Average fell 6.84 points, or 0.02%, at the open to 34,375.29.

The S&P 500 opened lower by 3.93 points, or 0.09%, at 4,169.92, while the Nasdaq Composite dropped 61.18 points, or 0.46%, to 13,368.80 at the opening bell.

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