US: Wall St opens higher after inflation data, strong bank earnings

Wall Street’s main indexes opened higher on Wednesday (Jan 15), as data showed core inflation rose less than expected in December and investors cheered a strong batch of quarterly results from the biggest US banks.

The Dow Jones Industrial Average rose 409.5 points, or 0.96 per cent, at the open to 42,927.76.

The S&P 500 rose 62.3 points, or 1.07 per cent, at the open to 5,905.21​, while the Nasdaq Composite rose 305.9 points, or 1.61 per cent, to 19,350.313 at the opening bell. REUTERS