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(Reuters) – U.S. stock indexes opened sharply lower on Thursday after stronger-than-expected producer prices data added fears that the Federal Reserve will keep raising interest rates to tame inflation.
The Dow Jones Industrial Average fell 135.96 points, or 0.40%, at the open to 33,992.09. The S&P 500 opened lower by 32.85 points, or 0.79%, at 4,114.75, while the Nasdaq Composite dropped 174.28 points, or 1.44%, to 11,896.31 at the opening bell.
