The Business Times

US: Wall St rises on more signs of cooling inflation

Published Thu, Aug 11, 2022 · 09:44 PM

Wall Street’s main indexes opened higher on Thursday (Aug 11), extending a rally from the previous session as fresh evidence of cooling inflation further cemented expectations of a smaller rise in interest rates.

The Dow Jones Industrial Average rose 142.00 points, or 0.43 per cent, at the open to 33,451.51.

The S&P 500 opened higher by 17.16 points, or 0.41 per cent, at 4,227.40, while the Nasdaq Composite gained 90.02 points, or 0.70 per cent, to 12,944.82 at the opening bell. Reuters

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