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Wall Street opens lower after rally in oil fades

Dow Jones industrial average fell 25 points, or 0.15%, to 16,388.43

A Wall Street sign is pictured in the rain outside the New York Stock Exchange in New York.

A Wall Street sign is pictured in the rain outside the New York Stock Exchange in New York.

Reuters

US stocks opened lower on Friday as a rally in oil prices fizzled out and data showed that inflation firmed in January, that could allow the Federal Reserve to gradually raise interest rates this year.

The Dow Jones industrial average fell 25 points, or 0.15%, to 16,388.43, the S&P 500 lost 6.28 points, or 0.33%, to 1,911.55 and the Nasdaq Composite index dropped 19.89 points, or 0.44%, to 4,467.65.

 

 

 

 

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First Published: Feb 19 2016 | 8:18 PM IST

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