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US: Wall St opens higher as CPI report cements rate-cut bets

by Sarkiya Ranen
in Technology
US: Wall St opens higher as CPI report cements rate-cut bets
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Wall Street’s main indexes opened slightly higher on Wednesday (Aug 14) after data showed inflation was moderating as expected, cementing bets that the Federal Reserve will begin its policy-easing cycle next month.

The Dow Jones Industrial Average rose 34.9 points, or 0.09 per cent, at the open to 39800.59.

The S&P 500 rose 7.9 points, or 0.15 per cent, at the open to 5442.36​, while the Nasdaq Composite rose 40.0 points, or 0.23 per cent, to 17227.64 at the opening bell. REUTERS



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Tags: BetsCementsCPIHigherOpensratecutReportWall
Sarkiya Ranen

Sarkiya Ranen

I am an editor for Ny Journals, focusing on business and entrepreneurship. I love uncovering emerging trends and crafting stories that inspire and inform readers about innovative ventures and industry insights.

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