US: Wall St opens higher on inflation data cheer

WALL Street’s main indexes opened higher on Friday (Jan 12) after a softer-than-expected inflation report that boosted bets for early rate cuts and earnings reports from big banks.

The Dow Jones Industrial Average opened higher by 40.63 points at 37,751.65 or 0.11 per cent.

The S&P 500 opened higher by 10.94 points, or 0.23 per cent, at 4,791.18, while the Nasdaq Composite rose by 33.95 points at 15,004.13 points or 0.23 per cent at the opening bell. REUTERS