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Wall St falls at open on inflation concern

20/05/2008 - 14:40

NEW YORK (Reuters) - U.S. stocks opened lower on Tuesday after data on rising core producer prices in April added to worries that the Federal Reserve might have to raise interest rates to contain inflation.

The Dow Jones industrial average <.DJI> was down 81.09 points, or 0.62 percent, at 12,947.07. The Standard & Poor's 500 Index <.SPX> was down 6.39 points, or 0.45 percent, at 1,420.24. The Nasdaq Composite Index <.IXIC> was down 11.67 points, or 0.46 percent, at 2,504.42.

(Reporting by Caroline Valetkevitch; Editing by Kenneth Barry)


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