US: S&P 500, Nasdaq rise at open on Amazon, Intel boost; inflation data lifts sentiment

THE S&P 500 and the Nasdaq opened higher on Friday (Oct 27) as robust forecasts from Amazon.com and Intel lifted beaten-down megacaps, while investors also drew comfort from data that showed inflation rose largely in line with expectations.

The Dow Jones Industrial Average fell 1.90 points, or 0.01 per cent, at the open to 32,782.40.

The S&P 500 opened higher by 15.70 points, or 0.38 per cent, at 4,152.93, while the Nasdaq Composite gained 123.08 points, or 0.98 per cent, to 12,718.69 at the opening bell. REUTERS