US mostly lower amid interest rate raise reports
Major United States stock markets opened mostly lower on Monday as rumors circulated about an earlier-than-expected interest rate hike. The Wall Street Journal reported on a paper to be published by the Fed on Wednesday that shows rates could be increased in 2022 or 2023, while economic growth is set to beat the 6.5% projection from March. Meanwhile, world leaders gathered in Brussels for a NATO summit focused on issues surrounding China and Russia, following a G7 summit that ended on Sunday.
The Dow Jones fell by 0.08% at market open as Merck & Co. Inc. decreased by 1.11%. The Nasdaq 100 was flat, while the S&P 500 lost just 0.07%, with Altria Group Inc. dropping 2.11%.
The euro gained 0.14% compared to the dollar, selling for 1.21256 at 9:32 am ET.
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