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U.S. stocks open lower as investors look ahead to October inflation data

Clyde Edgerton by Clyde Edgerton
November 13, 2023
in Markets
U.S. stocks open lower as investors look ahead to October inflation data
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U.S. stocks opened modestly lower Monday, as Treasury yields rose ahead of highly-anticipated inflation data that will be released Tuesday. The Dow Jones Industrial Average
DJIA,
-0.11%
was down 0.1% soon after the opening bell, while the S&P 500
SPX,
-0.40%
fell 0.3% and the Nasdaq Composite
COMP,
-0.68%
shed 0.4%, according to FactSet data, at last check. A reading on inflation in October from the consumer-price index is due out on Tuesday morning before the U.S. stock market opens. Treasury yields were rising on Monday, with 10-year rates up about seven basis points at around 4.68%, FactSet data show, at last check.

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