Wall Street opens lower on eased inflation pressure

Wall Street opened lower on Thursday, but not as much as stock futures had indicated, after data showed consumer prices rose less than expected in September, indicating inflation pressures were easing.

The Dow Jones Industrial Average fell 80.35 points, or 0.31 percent, at the open to 25,518.39.

The S&P 500 opened lower by 8.81 points, or 0.32 percent, at 2,776.87.

World stock markets sank Thursday, extending losses from Wall Street, as investors worried that higher interest rates will dent company earnings and a trade war will crimp global business.
European shares sank after Asia closed sharply lower.