U.S. stocks open lower amidst concerns about consumer prices, Greek debt

10:45, June 16, 2011      

Email | Print | Subscribe | Comments | Forum 

U.S. stocks opened lower Wednesday amidst a slight increase in consumer prices and Greek debt concerns.

The U.S. Labor Department said the Consumer Price Index rose 0.2 percent in May, lower than April's 0.4 percent increase. Food costs jumped 0.4 percent and energy costs dropped 1 percent.

The core prices, which exclude food and energy, rose 0.3 percent, the most in nearly three years.

Meanwhile, investors also became increasingly concerned about the debt crisis in Greece.

The Dow Jones industrial average dropped 49.27 points, or 0.41 percent, to 12,026.84. The Standard & Poor's 500 was down 10.51 points, or 0.82 percent, to 1,277.36. The Nasdaq Composite Index declined 25.33 points, or 0.95 percent, to 2,653.39.

  Weekly review  


  • Do you have anything to say?


Special Coverage
  • Xi Jinping visits Italy, Cuba, Uruguay, Chile
  • From drought to floods
Major headlines
Editor's Pick
  • 108 Heroes drama to stage in Taipei
  • Jiangxi issues red warning for torrential rain
  • Massive anti-austerity protest ends up in violence in Athens
  • Li Na loses in AEGON International
  • Serena Williams beaten in AEGON International
  • Picturesque scenery of Xisha Islands in South China Sea
Hot Forum Discussion