US: Wall St opens higher as inflation fears ease

WALL Street's main indexes opened higher on Monday (Jun 27) after a slide in commodity prices allayed concerns on inflation and raised expectations of the Federal Reserve going moderate with its aggressive policy tightening.

The Dow Jones Industrial Average rose 32.92 points, or 0.10 per cent, at the open to 31,533.60.

The S&P 500 opened higher by 9.02 points, or 0.23 per cent, at 3,920.76, while the Nasdaq Composite gained 53.40 points, or 0.46 per cent, to 11,661.02 at the opening bell. REUTERS