US: S&P 500, Nasdaq open higher as investors await inflation data

THE S&P 500 and the Nasdaq opened higher on Tuesday (May 28) after a holiday-extended weekend, with investors awaiting key inflation data later in the week that could influence expectations for the Federal Reserve’s policy trajectory.

The Dow Jones Industrial Average fell 40.6 points, or 0.10 per cent, at the open to 39,028.99.

The S&P 500 rose 11.2 points, or 0.21 per cent, at the open to 5,315.91​, while the Nasdaq Composite rose 67.5 points, or 0.40 per cent, to 16,988.315 at the opening bell. REUTERS