Wall Street opens lower after hotter-than-expected inflation data, Nvidia earnings in focus

Hotter-than-expected US inflation data pushed equities lower at the open as markets repriced the odds of an additional Fed rate hike this year, tightening financial-conditions expectations. The move weighed broadly on major US indexes, while attention shifts to Nvidia earnings for confirmation of AI-driven capex strength that has supported the tech-led rally. Near-term price action is likely to remain macro- and rates-sensitive.