US: Wall Street kicks off week higher; inflation in focus

WALL Street’s main indices opened higher on Monday (Aug 7) following a choppy week, with investors looking ahead to a highly awaited US inflation report due later in the week that could test the market’s sharp recovery this year.

The Dow Jones Industrial Average rose 59.98 points, or 0.17 per cent, at the open to 35,125.60.

The S&P 500 opened higher by 13.55 points, or 0.30 per cent, at 4,491.58, while the Nasdaq Composite gained 63.22 points, or 0.45 per cent, to 13,972.45 at the opening bell. REUTERS