US: Wall Street opens higher after July inflation data

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