US: S&P 500, Dow Jones open higher after December inflation data
Add BT as a preferred source
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
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
GovTech retrenches 93 staff in first phase of agency’s 2-year workforce transformation
A new kind of ‘ceasefire’ between US and Iran where talks, strikes are part of the same process
Department store heir to outback cattleman: Inside Bruce Cheung’s US$130m wagyu gamble
Early payout from Philippines’ Maharlika Investment Fund raises eyebrows over its true nature
