Wall St opens lower as oil output cut reignites inflation worries By Reuters

(Reuters) – Wall Street’s main indexes opened lower on Monday after a surge in oil prices brought back inflation worries, bolstering bets that the U.S. Federal Reserve will deliver another interest rate hike at its next meeting.

The fell 28.37 points, or 0.09%, at the open to 33,245.78. The opened lower by 7.11 points, or 0.17%, at 4,102.20, while the dropped 75.81 points, or 0.62%, to 12,146.09 at the opening bell.