The New York Stock Exchange's main indexes opened sharply lower today on data that the US producer price index (PPI) rose 0.7 percent on a monthly basis in January, beating the expectations of analysts polled by the financial media "Dow Jones", for a growth of 0.4 percent, reported CNN.

Another factor that today determines the movement of stock indexes in New York is the new report of the US Department of Labor.

It showed that the number of jobless claims unexpectedly fell last week, despite the Federal Reserve's efforts to loosen a tight labor market and cool the economy by raising interest rates.

These data are an indicator that the Federal Reserve may continue with its policy of raising interest rates, which is putting pressure on the value of companies that are traded on the stock exchange in New York, notes CNN.

As of 17:20 Bulgarian time, the Dow Jones industrial index fell by 323.14 points or 0.95 percent to 33,804.91 points.

Stock markets in Europe closed in the green unlike Tokyo and Wall Street

The broader Standard & Poor's 500 lost 39.41 points, or 0.96 percent, to 4,107.51.

The high-tech Nasdaq fell by 119.06 points or 0.97 percent to 11,951.88 points, BTA notes.

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