US opens mixed after latest inflation report - Breaking The News
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US opens mixed after latest inflation report

EPA-EFE/JUSTIN LANE

Major stock indexes in the United States started Wednesday's session mixed after yesterday's rally. Markets are still under the effect of the inflation report that came out yesterday and put February's CPI as hotter-than-expected 3.2%. However, analysts seem to still forecast the start of monetary easing in June, when the Federal Reserve might announce a rate cut. Meanwhile, mortgage applications for the week ending March 8 grew by 7.1% as the 30-year fixed-rate mortgages fell to 6.84%.

The Dow Jones gained 0.21% at 9:30 am ET, led by 3M Co., which was up by 0.65%. The Nasdaq 100 fell by 0.36%, with Dollar Tree Inc. plummeting 11.95%. The S&P 500 was flat at the opening bell.

The euro traded 0.11% higher against the dollar and went for 1.09396 at 9:32 am ET.

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