Wall Street opens lower as inflation fears loom

Friday, 18. June 2021 15:30

Major stock markets in the United States opened Friday's trading session lower, with investors worrying about the effects a longer inflation period might have on the markets.

The White House economic advisor stated that he was "concerned" about the inflation in the country, but stressed it was only transitory. Meanwhile, Fed's St. Louis President James Bullard indicated that the first interest rate increase might come in 2022.

The Dow Jones started the session 1.13% in the red, with JPMorgan and Chase falling 2.18%. The Nasdaq 100 was down 0.29% at the opening bell, as ASML Holding NV dropped 2.11%. The S&P 500 declined 0.81%, while Lincoln National lost 3.26%. The euro declined 0.30% against the dollar trading for $1.18723 at 4:32 pm ET.

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