Wall Street opens lower as investors assess earnings, data

Wall Street opened lower as investors assessed earnings and data showed that U.S. inflation barely rose in March as consumer spending remains tepid. The Commerce Department said the personal consumption expenditures price index, excluding the volatile food and energy components, edged up 0.1 percent last month after an upwardly revised 0.2 percent increase in February. "I think we are looking at a cautious trading day as the poor earnings season finally catches up, though oil could help smoothen