March 12 (Reuters) – Wall Street’s main indexes opened lower on Thursday as oil prices surged to nearly $100 a barrel, fanning inflation worries and forcing traders to dial back expectations of U.S. interest rate cuts.
The Dow Jones Industrial Average fell 174.7 points, or 0.37%, at the open to 47242.52. The S&P 500 fell 34.9 points, or 0.52%, to 6740.88, while the Nasdaq Composite dropped 189.5 points, or 0.83%, to 22526.585.
(Reporting by Johann M Cherian in Bengaluru; Editing by Maju Samuel)
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