
US open: Stocks sharply lower as core PCE inflation unexpectedly rises
As of 1500 GMT, the Dow Jones Industrial Average was down 1.16% at 41,807.03, while the S&P 500 lost 1.35% to 5,616.62 and the Nasdaq Composite came out the gate 1.83% weaker at 17,478.15. The Dow opened 492.67 points lower on Friday, extending losses …