US: S&P 500, Dow Jones open higher after December inflation data

THE S&P 500 and the Dow Jones opened higher on Thursday (Jan 12) after further evidence of cooling inflation boosted bets that the Federal Reserve will slow the pace of its future interest rate hikes.

The Dow Jones Industrial Average rose 74.85 points, or 0.22 per cent, at the open to 34,047.86, and the S&P 500 opened higher by 7.96 points, or 0.20 per cent, at 3,977.57.

The Nasdaq Composite dropped to 10,931.67 points at the opening bell. REUTERS