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US: Wall Street opens higher after July inflation data

by Yurie Miyazawa
in Leadership
US: Wall Street opens higher after July inflation data
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Wall Street’s main indexes opened higher on Friday (Aug 30) after a key inflation report reiterated price pressures were moderating, cementing bets for an interest-rate cut at the Federal Reserve’s September meeting.

The Dow Jones Industrial Average rose 31.11 points, or 0.08 per cent, at the open to 41,366.16.

The S&P 500 opened higher by 20.78 points, or 0.37 per cent, at 5,612.74, while the Nasdaq Composite gained 134.06 points, or 0.77 per cent, to 17,650.49 at the opening bell. REUTERS

Tags: DataHigherinflationJulyOpensStreetWall
Yurie Miyazawa

Yurie Miyazawa

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