Wall St opens lower after hot producer inflation data; Fed in focus

March 18 (Reuters) – Wall Street’s main indexes opened ​lower on ‌Wednesday after data showed producer prices rose more than ‌expected ​in February, ⁠prompting investors ⁠to price out any expectations for an interest rate ​cut by the Federal ⁠Reserve this ⁠year.

The Dow ​Jones Industrial Average ​fell 79.3 points, or ‌0.17%, at the open to 46,913.93. The ⁠S&P 500 fell 18.9 points, or 0.28%, to ⁠6,697.16, ‌while the ⁠Nasdaq Composite ​dropped ‌57.6 points, or ​0.26%, ⁠to 22,421.962.

(Reporting by Johann M Cherian in Bengaluru; Editing by Maju ​Samuel)