Futures subdued in cautious trading ahead of inflation data
© Reuters. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. REUTERS/Brendan McDermid
(Reuters) - Wall Street's main indexes were subdued at open on Friday as investors awaited a fresh inflation reading next week after recent economic data stoked worries interest rates could remain higher for longer.
The Dow Jones Industrial Average fell 13.32 points, or 0.04%, at the open to 34,487.41. The S&P 500 opened higher by 0.16 points, or 0.00%, at 4,451.30, while the Nasdaq Composite gained 5.88 points, or 0.04%, to 13,754.71 at the opening bell.
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