Stocks start lower after jump in wholesale prices last month

The Associated Press

Stocks are opening lower again on Wall Street Tuesday as traders took in the latest sign that inflation is still running high. The S&P 500 index gave up 0.5% in the early going. Technology companies had some of the biggest losses, which helped pull the Nasdaq down 0.8%. The Dow Jones Industrial Average was little changed. Treasury yields rose after the latest report on inflation, which showed that wholesale prices jumped a record 9.6% in November from a year earlier, more than expected. Federal Reserve policymakers began a two-day meeting Tuesday at which they’re expected to speed up the withdrawal of economic stimulus measures.