US: Wall Street opens higher as data points to cooling inflation

WALL Street’s main indexes opened higher on Tuesday (Nov 15) after a lower-than-expected rise in US producer prices boosted expectations that the Federal Reserve would shift to smaller interest rate hikes.

The Dow Jones Industrial Average rose 219.2 points, or 0.65 per cent, at the open to 33755.94.

The S&P 500 rose 49.2 points, or 1.24 per cent, to 4006.41?, while the Nasdaq Composite rose 278.6 points, or 2.49 per cent, to 11474.82 at the opening bell. REUTERS