Wall Street’s main indexes opened lower on Friday after Federal Reserve Bank of St. Louis President James Bullard said inflation was stronger than anticipated and it would take the Fed several meetings to figure out how to pare back stimulus.
The Dow Jones Industrial Average fell 403.7 points, or 1.19%, at the open to 33,420.25. The S&P 500 fell 38.1 points, or 0.92%, at the open to 4,183.18, while the Nasdaq Composite dropped 82.4 points, or 0.58%, to 14,078.71 at the opening bell.
