The Business Times

US: S&P 500, Nasdaq open higher after selloff

Published Wed, Oct 12, 2022 · 09:59 PM

THE S&P 500 and the Nasdaq rose at the open on Wednesday (Oct 12), but the gains were capped by worries around the rising chances of more jumbo-sized rate hikes following a higher-than-expected rise in producer prices in September.

The Dow Jones Industrial Average fell 6.1 points, or 0.02 per cent, at the open to 29,233.06.

The S&P 500 rose 2.0 points, or 0.06 per cent, at the open to 3,590.83​, while the Nasdaq Composite rose 10.8 points, or 0.10 per cent, to 10,436.996 at the opening bell. REUTERS

GET BT IN YOUR INBOX DAILY

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

VIEW ALL

KEYWORDS IN THIS ARTICLE

READ MORE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Capital Markets & Currencies

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here