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US: Wall Street opens higher as cool inflation data fuels Fed rate cut bets

US: Wall Street opens higher as cool inflation data fuels Fed rate cut bets

By Swedan Margen

Fashion

WALL Street opened on solid ground on Friday (Oct 24), as investors welcomed a cooler-than-expected inflation reading, while Intel’s upbeat results offered a boost.

At 9.30 am EDT, the Dow Jones Industrial Average rose 221.66 points, or 0.47 per cent, to 46,956.27. The S&P 500 gained 43.88 points, or 0.66 per cent, to 6,782.32, and the Nasdaq Composite gained 200.07 points, or 0.87 per cent, to 23,141.87. REUTERS

Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

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