The New York Stock Exchange opened in decline, the publication of a key indicator of inflation US market having confirmed expectations of a further rise in Federal Reserve interest rate at its meeting of thnext week.  Amazon’s warning about the outlook for its cloud division also weighs on the market. In early trade, the Dow Jones. DJI loses 61.33 points, or 0.18%, at 33,764.83 points and the Standard & Wider Poor’s 500 .SPX fell 0.13% to 4,130.02.

points.The Nasdaq Composite .IXIC lost 0.14%, or 16.62 points, to 12,125.62. Personal Consumption Expenditure (PCE) Inde in the United States, the preferred measure of inflation of the Fed, has

increased by 4.2% in March over one year, against a rise of 5% on previous month, but its basic version, called “core”, which excludes

food and energy, remained unchanged at 4.6%, while than economists predicted 4.5%.

These data show that core inflation remains robust and support the scenario of a 25-point rise in

Federal Reserve interest rate base in May. Wall Street begins its last session of the impacted week

also by Amazon’s warning about the slowdown it its Amazon Web Services (AWS) division, despite its results better-than-expected quarterly results, as well as forecasts disappointing comments from Snap, the owner of the messaging service

Snapchat, and Pinterest image sharing platform.  Amazon.com AMZN.O shares fell 2.8% to

opening, while Snap SNAP.N lost 19.2% and Pinterest PINS.N 13.7%. Intel INTC.O, which said Thursday anticipates an improvement of more than 40% of its gross margins in the second half, 7.4%. The University of Michigan monthly survey for the month of April, which analysts expect unchanged from March, is expected at 14:00 GMT.