Wall Street Dips Amid Inflation Concerns

Wall Street's main indexes dropped after higher-than-expected U.S. inflation data for September. The Federal Reserve is expected to ease interest rates by 25 basis points. The Dow Jones, S&P 500, and Nasdaq Composite all opened lower, reflecting investor concerns over persistent inflation pressures.

Wall Street's major indexes opened lower on Thursday, reacting to newly released data revealing higher-than-anticipated U.S. inflation for September.

This development keeps the Federal Reserve on course to reduce interest rates by 25 basis points in its upcoming meeting.

The Dow Jones Industrial Average fell 84 points at the open, setting the day's tone of caution among investors.

(With inputs from agencies.)